Monthly Archives: November 2020

Avoid the Trap of High-Interest Payday Loans with These Debt Alternatives

For the more than 12 million Americans who take out payday loans each year, the debt doesn’t end with their next paycheck. In fact, data from the Consumer Finance Protection Bureau shows that more than 80% of payday loans are rolled over within 14 days, and the majority of those subsequent loans are for amounts […]

Payday loan customers will only get 1% compensation from defaulting lender Sunny

Sunny became the latest high-profile payday lender to collapse in June following a wave of complaints over the mis-selling of short-term, high-cost loans Most victims will be left behind Half a million people whose loans were mis-sold by collapsed payday lender Sunny will only receive 1% compensation, administrators have warned. KPMG said customers who were […]