If you’re broke today, cutting back on your spending will only do so little. You have to have more cash in your pocket. The question is, how?
Earning more doesn’t mean you have to look for another job if you can’t get a raise or an advance from your employer. It also doesn’t mean you have to immediately sign up for payday loans, which may not be the wisest alternative to raising money. It’s possible to earn more while keeping your day job – or while you are currently looking for a job. You just have to know how you can make money out of your available resources – your time, your home, your car and your talents and skills. (more…)
Many financial institutions such as the government have criticized the payday loans for its higher interest rates for the borrowers. It throws a concern that this type of loans frequently targets the most vulnerable people who are in worst financial situations.
Payday loan companies aren’t new to getting blacklisted due to their negative reputation. No financial expert encourages these loans and who can blame them? Firstly, payday loans have high-interest rates that can eat up your money and spiral you into debt. Secondly, they tend to have hidden fees. Thirdly, most payday lenders are notorious for their aggressive lending and collection practices. And lastly, taking out payday loans aren’t a financially smart decision in the long run. (more…)