Payday loans are expensive, high-interest loans with short repayment periods that can be difficult to repay on time. Borrowers unable to make payments may opt to roll over their loan for a fee. With enough rollovers, this could mean owing more than the initial loan amount. If you’re struggling to manage multiple payday loan payments,…
The article Payday Loan Consolidation: What It Is and How It Works originally appeared on NerdWallet.
