Tag Archives: payday lenders

Payday Lenders Prepare for Big Payday Loan Rush in December

Payday lenders know what happens each December, they get busy. While there has been much written about the dangers of payday loans, there seems almost nothing that will break the trend of accelerating payday loan interest in December. Since 2004, December has proven to be a very popular month for payday loans, right behind late [...]

Payday Lenders Fearing Proposed Regulation

While debt settlement companies are furious about pending legislation and feel they have been singled out, the payday lending industry is facing legislation with the Payday Lending Limitation Act of 2010 and that’s not making them happy. Here is a press release from on payday lender. @GetOutOfDebtGuy LOS ANGELES, May 11 /PRNewswire/ — In the [...]

I Have 4 Payday Loans, Medical Bills, And It Is Too Much. – Laura

“Dear Steve, 4 pdl’s can’t pay them keep borrowing from them each month. Tons of medical bills school loan car note food everything is toooooo much. Please help! How can I get out of debt? Laura” The Answer:   Dear Laura, First, stop taking out more payday loans. A payday loan can be a good [...]

I’m Drowning in Online and Local Payday Loans. I was Referred to Langhorne Debt Solutions. – Lacy

I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve Lacy “Dear Steve, Currently have $2100 in payday loans, 4 online and one in town local. Cannot get ahead, and in fact with losing some of [...]

Payday Loans and Cash Advances

Now that banks have stopped their rampant lending to consumers what should we expect next? Well let’s not be surprised if we see an increase in payday loan or title loan activity. A payday loan is an unsecured, short-term cash advance until your payday. Payday loans are typically hyped with payday lenders saying things like: [...]