Losing your job means having to figure out how to make those dollars go farther. Obviously. Be careful not to fall for the "easy money" ploys out there.
One of the worst is the so-called "payday loan" or "check advance" companies. Payday loans are a major rip-off that will cost you 500% or more in interest. They won't tell you about that, though. In fact, when I asked about the interest rate at one of the local outfits they insisted on talking about "fees" instead of interest.
Another is the "instant tax refund" which is really just an advance loan against your refund with the fee (high interest) taken out up front.
Also, check the interest rate on your credit card. Some will have a rate of 20% or more.
Wednesday, February 4, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment