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Episode 65: Payday, Title & Pension Loans
Manage episode 217787937 series 1404006
People with bad credit, living paycheck to paycheck, often find themselves with few options when unexpected expenses crop up, or they have a drop in income due to a reduction of overtime or their work hours but not a reduction in their living expenses. As a result, they become desperate for a way to pay the bills, creating a recipe for desperation.
Three of the options they turn to are payday loans, car title loans, and pension loans. However, they have a tendency to make matters much worse, and as such, should be avoided at all costs. That is why in this episode of the podcast I wanted to talk about these loans, why they are the wrong solution, and why you should avoid them if at all possible.
160 episodes
Manage episode 217787937 series 1404006
People with bad credit, living paycheck to paycheck, often find themselves with few options when unexpected expenses crop up, or they have a drop in income due to a reduction of overtime or their work hours but not a reduction in their living expenses. As a result, they become desperate for a way to pay the bills, creating a recipe for desperation.
Three of the options they turn to are payday loans, car title loans, and pension loans. However, they have a tendency to make matters much worse, and as such, should be avoided at all costs. That is why in this episode of the podcast I wanted to talk about these loans, why they are the wrong solution, and why you should avoid them if at all possible.
160 episodes
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