article Drowning in payday loans? These options can be useful. (Stock) Payday loans are a short-term option for cash-strapped consumers. But they are hardly a saving grace. With exorbitant interest rates and short repayment terms, they often incur more costs than they are worth. They can also cause a vicious cycle of debt that is […]
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pathdoc / Shutterstock.com This story originally appeared on The Penny Hoarder. A payday loan can provide quick respite from unexpected expenses or a run of bad luck. But if you don’t have enough money to repay the loan on your next payday, you may need to take out another loan or transfer your balance to […]