Pitfalls for Payday and Auto-title Loans. Payday advances, which can be short-term, small-dollar loans needing a one-time payoff at the borrower’s next payday, are able to turn from convenient to catastrophic quick.

Pitfalls for Payday and Auto-title Loans. Payday advances, which can be short-term, small-dollar loans needing a one-time payoff at the borrower’s next payday, are able to turn from convenient to catastrophic quick. “These loans look in a pinch, but know that a lot of people don’t succeed,” said Tim Morstad, who leads advocacy work on …

Pitfalls for Payday and Auto-title Loans. Payday advances, which can be short-term, small-dollar loans needing a one-time payoff at the borrower’s next payday, are able to turn from convenient to catastrophic quick. Read More »