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Blogs | Installment Loans

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Are You Late on Rent? Don’t Panic.

Maybe you had an unexpected medical expense, or maybe your car died on the side of the road and you had to pay for costly repairs. Whatever the reason, you may already know that you’re going to be late on rent this month. It is normal to feel a sense of panic. After all, if you don’t pay rent your landlord can evict you. But don’t worry, you have options, including getting an installment loan to get you through the month. Take a deep breath and read more below!

How to Get Out from Under a Payday Loan

A payday loan is money given by a loan store for those who need money until their next paycheck. The balance is generally due on your next payday and includes a high-interest rate. You can get an online loan or visit an actual storefront. Because the due date for the payday loan is so soon after you get the money you need, it is easy to fall into a debt spiral. Loan stores actually count on you to renew or extend your loans. In fact, 80% of all payday loans are taken out two weeks after the last one was paid in full. Use our tips below to get out from under your payday loan.