Tag Archives: pay day loan questions

Steps to Refinancing Student Loans

Students today are experiencing higher student loan debt than ever before, so it’s no surprise that many are looking for ways to reduce monthly repayment amounts. One great way to lower costs is to refinance student loans, which means taking out a new loan with a private lender to repay your current ones. Both federal and private loans are eligible for refinancing, which allows borrowers to: Combine multiple repayments into one single loan Change repayment terms e.g. changing loan timeframe to span 5, 10, 15 or 20 […]

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Realizing Personal Economic Independence

An individual is initially dependent on others during the early phase of life; first 20 years. Throughout this phase, the person obtains knowledge on multiple subjects, attains wisdom through manifold observations, and builds up moral strength by means of spiritual/humane practices. Nevertheless, the person is barely in touch with the business world during this phase. Later on, along with multi-dimensional independent life experiences, the individual, in the second phase of life, is consequentially apprised about economic fields and economic works. Human life embraces multiple needs and countless […]

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Can you go to jail for not paying back a payday loan?

Over the last couple of years “payday” loans have become increasingly popular throughout the United States, including in the State of Texas. For a variety of reasons, the rates at which borrowers default on these loans is extremely high. If you have defaulted on a payday loan, or are concerned that you will default on one in the near future, you may be concerned that you will go to jail for not paying the loan. This is not true.  You will not go to jail if you […]

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