In an ideal world, all financial problems would be solved with a simple solution: make more money . Obviously, it’s never quite that simple in the real world.
While increasing your income should be part of any long-term strategy when you’re struggling to make ends meet, sometimes you need money right now. In this case, it’s tempting to apply for a payday loan just to keep yourself afloat.
Here’s why you shouldn’t do that – and where to look instead. Funding U does not necessarily recommend any specific payday alternatives, but we’ve put together enough information for you to make the decision on your own.
What are payday loans?
Payday loans are short-term loans, usually around $350, with extremely high interest rates, ranging from 129% APR to 591% APR depending on the state. The average borrower will pay $520 in fees just to borrow $375. متابعة قراءة The Best Alternatives to Payday Loans for College Students Who Need Cash