{"id":6776,"date":"2016-05-10T15:10:50","date_gmt":"2016-05-10T15:10:50","guid":{"rendered":"\/?p=6776"},"modified":"2018-12-28T20:30:22","modified_gmt":"2018-12-28T20:30:22","slug":"dead-end-loans-youve-got-to-avoid-part-1","status":"publish","type":"post","link":"https:\/\/financeguidetoday.com\/loans\/dead-end-loans-youve-got-to-avoid-part-1\/","title":{"rendered":"Dead End Loans You\u2019ve Got To Avoid: Part 1"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A tight financial bind usually pushes people into making desperate financial decisions. Those decisions usually show up in the form of loans. While not every loan is bad, some loans should be avoided at all costs. In part one of Dead End Loans You\u2019ve Got To Avoid, you will see three kinds of loans that could leave you in a worst off position than where you started. \u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Pay Day Loan \u2013 This lending model may present itself as a logical, quick and fair solution that will hold you over until your next paycheck. But, what many borrowers soon realize is that it\u2019s nearly impossible to satisfy the payments without falling behind on other important bills. Before you know it, you\u2019re taking out another loan to satisfy the one you had before it. \u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Car Title Loan \u2013 Unless you don\u2019t mind risking your ride, car title loans are bad news. The interest rates are extremely high and the loan is usually due in 30 days. Many people have forfeited their vehicles because they just couldn\u2019t pay anymore.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tax Preparer Loan \u2013 Tax preparer loans usually promise to give you the money the IRS owes you weeks in advance in exchange for a huge cut of the pie. Though regulations have cracked down on this practice some companies are getting creative by offering personal lines of credit with double digit interest rates.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Check out <a href=\"\/loans\/dead-end-loans-youve-got-to-avoid-part-2\/\">part two<\/a> where you\u2019ll get to see three other dead end loan types you should avoid.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A tight financial bind usually pushes people into making desperate financial decisions. Those decisions usually show up in the form of loans. While not every loan is bad, some loans should be avoided at all costs. In part one of Dead End Loans You\u2019ve Got To Avoid, you will see three kinds of loans that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/posts\/6776"}],"collection":[{"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/comments?post=6776"}],"version-history":[{"count":0,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/posts\/6776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/media\/7072"}],"wp:attachment":[{"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/media?parent=6776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/categories?post=6776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeguidetoday.com\/wp-json\/wp\/v2\/tags?post=6776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}