‘Catch-22’ Credit Score Pushes Millennials Toward Payday Loans | Personal loans
Millennials are missing out on the boom in cheap credit and using expensive payday loans because poor credit scores prevent them from accessing the best deals. Borrowers born after 1982 generally pay a higher rate on loans and credit cards than those born before, according to analysis of more than 150,000 credit reports. The study, […]
Payday loans and the dangers of borrowing money fast
American voters have spoken – and not just for the next president. They also support the crackdown on what some see as predatory loans, especially in the form of payday loans. In the November election, South Dakotas voted to cap interest rates on short-term loans at 35%. With the vote, South Dakota joins 18 other […]