Payday financing: a possible economic rabbit-hole
Payday financing can exacerbate their monetary woes, ultimately causing bankruptcy.
You may be budgeted down to the penny just to cover essentials like food, mortgage/rent payments, utilities, credit cards, debt payments and other expenses if youвЂ™re struggling to make ends meet. You reside paycheck to paycheck, & most of the time it appears as though your hard earned money happens to be invested just before even make it. If you’re in a precarious financial predicament like this 1, just one deviation through the norm could significantly disturb the delicate stability youвЂ™ve developed.
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