Posted: Sep 21, 2021 / 8:05 AM EDT / Update: Sep 21, 2021 / 8:05 AM EDT CONSUMPTION REPORTS – If you’re struggling to pay your bills, you might want to consider a payday loan. But beware: even with some recent reforms, many of these loans still come with high fees and very high interest rates. The good news: There ...
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Hotel and restaurant staff topped list in payday loan applications during lockdown
Hotel and restaurant staff top the list of payday loan applicants during the pandemic, new industry data has revealed. Analysis of customer trends Petit-Prêt.com found that staff in the hospitality and leisure industry made the most requests for short-term loans this year, with employees in the industry borrowing an average of £ 1,532. Strict restrictions on the hospitality industry during ...
Read More »Payday lenders prepare for less risky borrowing after pandemic
Payday lenders who have become unwitting victims of the pandemic are anxiously awaiting the end of most government relief programs, but those who follow the industry say some high-cost loans may never fully rebound. Congress’ passage in the past 18 months of enhanced unemployment benefits, federal stimulus payments, a moratorium on evictions, and student loan and mortgage forbearance has reduced ...
Read More »Bad credit? Don’t fall for a Christmas loan
Image source: Getty Images If your credit score is low, get creative for the holidays. It’s weeks away from Christmas, and if you’ve watched any holiday movies, you know the world expects your house to look a certain way, your Christmas dinner to look perfect, and yes, you’re supposed to go too far, fulfill the dreams of your loved ones ...
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