Payday loan Alternatives that can lend you Short Term Cash with less APR
The first thing you think of when you face a financial emergency is to lend a payday loan. Not the first, in fact, it is the only resort most of us who are cash-strapped have. Before even knowing about the alternatives, we blindfolded assume that there won't be any and go for a payday loan with a 390% APR or even more. The CFPB which issued few rules and regulations regarding the payday loans in the month of June after realizing that the borrowers are being led into the long term cyclic debt traps from which they are not able to get out.
The rules of the CFPB are like protective covers which include several another type of loans like high installment loans, auto title loans, short-term loans which charge as high as payday loans. According to the director of the CFPB, it is said that the...