Monthly Archives: February 2021

Londoner speaks out on agony of payday loans as campaigners call for crackdown

Breadcrumb Links Local News When Betty Morrison moved to London, she was trying to escape a payday loan that she couldn’t afford to pay off. Author of the article: Megan Stacey Release date : February 21, 2021 • February 22, 2021 • 3 minutes to read • 151 reviews Betty Morrison for an article on Megan Stacey’s payday loans in ...

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SoLo Funds is a payday loan alternative with bigger plans

Travis Holoway, CEO and co-founder of SoLo Funds, says his startup isn’t just a quick way to take out a small, short-term loan. It’s the start of something bigger. The startup, which raised $ 10 million in a Series A funding round last week, offers an app where users can lend money to each other. Borrowers typically give their lenders ...

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5 tips to break the cycle of payday loans

pathdoc / This story originally appeared on The Penny Hoarder. A payday loan can provide quick respite from unexpected expenses or a run of bad luck. But if you don’t have enough money to repay the loan on your next payday, you may need to take out another loan or transfer your balance to a new loan with interest ...

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