In today's high-cost, high-stress economy, it can be tempting to turn to your short-term borrowing options, like credit cards and payday loans, just to stay afloat between paychecks. But while payday ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Improved state and federal laws have reduced the rate of predatory lending by most brick and mortar payday loan companies, but online payday loans operations continue to pose a risk for fraud and ...

Sabrina Leonard’s life has grown more difficult over the past two years. The 49-year-old Spring Hill, Kansas, resident has watched her rent, utilities and grocery bills steadily rise while her ...

A payday loan is a short-term, small loan that you repay once you receive your next paycheck, typically two to four weeks after you take out the loan. Payday loans tend to have small loan limits, ...

Bad credit sucks. I know the feeling of needing cash fast and hitting brick walls. You face unexpected expenses, bills piling up, and traditional lenders slamming doors in your face. It’s frustrating.

Two New York bills would rein in payday lenders. The Stop Taking Our Pay Act would ensure loans from such lenders abide by the state’s 25% interest rate cap but since the companies do not specifically ...

Payday loans can trap millions of people in expensive debt cycles, even as economic conditions improve. With many Americans living paycheck to paycheck, these high-cost loans offer quick cash when ...

A recent Reddit post detailing a devastating financial situation sheds light on the crushing reality of the payday loan cycle. A Reddit user who filed a consumer proposal to reset their finances ...

Every seven years, the Bible declares a year of financial forgiveness, of starting over. As we near the close of this such shmita year, we have seen some progress nationwide toward this commandment in ...