The Dangers of High-Interest Short-Term Loans and How to Escape the Debt Cycle
Introduction Financial crises can occur at any moment, and when they do, individuals tend to seek immediate solutions. Short-term loans, including payday loans, cash advances, and high-interest personal loans, appear to be an easy solution to meet unforeseen expenses. Nevertheless, these loans have high risks that can cause financial distress if not dealt with carefully. […]