Pay Day Loans For Single Mothers

Pay day loans can help moms who are on a limited budget stretch their paycheck a little further, but it’s important to know the details of getting, and especially repaying, a payday loan before you decide to pursue this option.



Why Pay Day Loan Information Is So Hard To Find

Thumbnail image for Why Pay Day Loan Information Is So Hard To Find July 1, 2011

The single mom who takes her financial plan seriously is a mom who probably doesn’t pay much attention to the information that she sees about pay day loans. This is because she is aware that using this type of loan service isn’t a wise financial decision. But, let’s face it. A situation can occur at [...]

Payday Loan Fees Create Disastrous Debt Traps

Thumbnail image for Payday Loan Fees Create Disastrous Debt Traps May 14, 2011

One of the thoughts that may go through the head of a single mom contemplating a payday loan is that it is such a short term loan that it won’t interfere with her total amount of debt. The loan is due on payday, so it may not even be worth noting on her budget. On [...]

A Pay Day Loan Isn’t Something to Plan For

Thumbnail image for A Pay Day Loan Isn’t Something to Plan For April 22, 2011

A person with a good credit history and good financial planning skills is a person who can avoid the trap of a pay day or cash advance loan fiasco. Even if an emergency situation call for a quick infusion of cash that can only be satisfied by a pay day loan, the borrower with good [...]

Payday Loans and Annual Percentage Rates

Thumbnail image for Payday Loans and Annual Percentage Rates March 24, 2011

The annual percentage rate of cash advance or payday loans is always pointed to by people who advise against getting the loan. But those who support cash advance loans point out that they are not meant to last for a year, so the term is misleading. The interest charges and upfront fees on cash advance [...]

Paying Off That Emergency Payday Loan

February 28, 2011

A single mom’s life doesn’t always run smoothly, no matter how hard she works or how well she plans. An unexpected emergency expense can sometimes put her in the position of taking a course of action based on figuring out the best that can happen versus the worst that can happen. If the best solution [...]

Is There a Good Reason to Use a Pay Day Loan?

February 17, 2011

There is a lot of discussion about the dangers of the pay day or cash advance loan. If the advance is not paid off in the agreed amount of time, the fees and interest can quickly snowball, rising at such an alarming rate that many states have now made these types of loans illegal. Is [...]

Payday Advance Loans Can Cause More Problems Than They Solve

Thumbnail image for Payday Advance Loans Can Cause More Problems Than They Solve January 20, 2011

Payday advance loans may seem like the ideal solution to an urgent financial problem, but if you’re unable to repay the loan quickly it can serve to escalate your financial problems. In fact, payday loans can be abused to such a point that many states have laws that prevent payday lenders from operating in the [...]