In today's economic climate, managing finances can be challenging and traditional pay cycles often leave individuals strapped for cash, especially as the pay cycle is ending.
This can often lead to many resorting to high-cost credit options to make ends meet. These high-cost credit facilities often impose extreme interest rates and fees, exploiting individuals in vulnerable financial situations. These predatory practices are known to exacerbate financial hardship and contribute to a cycle of debt that can be difficult to escape.
- Topic:
- Payments
