Payday loans have suffered a huge amount of criticism but they are now strictly regulated. These new rules mean that payday lenders cannot charge too much and they cannot lend unless the borrower can show they can afford the repayment. So, payday loans no longer represent a danger to borrowers. However, as with all credit you need to stick to your side of the agreement. Our video explains payday loans in more depth.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read about Amanda Gillam