Category Archives: Do Payday Loans Affect Credit

Why important employees are switching to pay day loans during COVID-19

Why important employees are switching to pay day loans during COVID-19

Providing alternatives to predatory financial loans is advantageous to workers, and great for company.

With an incredible number of households struggling through the crisis that is COVID-19 more individuals are just starting to resort to pay day loans. Taking right out that loan in a period of financial meltdown appears like a reasonable move — but payday advances in specific are damaging to borrowers, with a few charging as much as 615per cent interest throughout the pandemic. Continue reading