BBB says stay independent from payday lenders’ cycle of debt
Consumers can easily slip into a debt trap, especially as inflation seems to be eroding buying power. Payday loans may be enticing when you’re in the downside of the cycle of debt, but your Better Business Bureau (BBB) advises extreme caution. Take a few moments on this Independence Day weekend to consider how your debt could climb skyward even as you’re trying to diffuse a precarious financial problem.