Questions About Payday Loans?
Payday loans are a growing segment of the lending industry in the United States. With tough economic times and many banks and similar financial institutions tightening their lending criteria some folks are faced with the prospect of taking out a payday loan. Like any consumer transaction due diligence is required. Horror stories abound about the endless cycle some borrowers face when trying to pay off payday loans. This is not to say that all payday loans are bad news but one would be well-advised to think long and hard before undertaking them.
The Consumer Financial Protection Bureau has a frequently asked questions page devoted to the subject of payday loans. Click here to learn more about payday loans. And if you are experiencing problems with your payday loan feel free to contact me for a consultation.