Budget Trip

Russia’s payday loans hit record high in March

The Russians took out an all-time high 2.35 million payday loans in March, according to data compiled by consumer credit rating agency Equifax Russia and reported by state media on Friday. As a sign of Russians’ growing reliance on small loans, Equifax said high-interest microloans increased 17% since February and …

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What you need to know about payday loans

Through Jasmine brown BDO Debt Solutions Apr 1, 2021 | 1:50 p.m. Many people seek payday loans because they are unable to secure traditional financing. Often times, the money is desperately needed for an unforeseen emergency expense that needs to be paid quickly. Payday loans are also generally very easy …

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