What is a Payday Loan?

What is a Payday Loan?

Payday loans are loans that let you borrow funds for a short time period — typically at a high interest rate. This type of loan gets its name from the fact that most payday loan definitions specify that you have to pay back the loan out of your next paycheck....
What Is the Best Online Payday Loan?

What Is the Best Online Payday Loan?

Payday loans are short-term loans — typically in relatively small amounts — designed to help people cover unexpected emergencies or expenses. Understanding your options when it comes to payday loans and alternatives can help you make the best financial choice for you...
Can I Get a Payday Loan on Disability?

Can I Get a Payday Loan on Disability?

Can I Get a Payday Loan When I’m on Disability? If you’re receiving disability benefits from the federal government, you may wonder if you can get a loan. For example, if you’re not getting a regular paycheck, can you get a payday loan while on...
The Difference Between A Wise Loan and A Payday Loan

The Difference Between A Wise Loan and A Payday Loan

Wise Loan offers credit-building installment loans that can help you get the cash you need for emergencies or other unplanned expenses even if you don’t have a great credit score. A lot of payday loan products are marketed in a similar manner, so what’s...
How Do Payday Loans Work, and What Are Your Alternatives?

How Do Payday Loans Work, and What Are Your Alternatives?

It’s the Monday after payday. You already used most of Friday’s pay to cover bills and buy groceries, but you’re stuck on the side of the road with a broken-down car and you’re not sure how you’ll cover the repairs. At the same time, you...
Common Payday Loan Myths and the Real Truth Behind Them

Common Payday Loan Myths and the Real Truth Behind Them

Payday loans can be a mixed bag of pros and cons for those who take them out. They tend to come with fees that equate to extremely high interest, making them an expensive type of credit. But they’re also readily available and easy to qualify for, which means...