Maine winters is brutal, and big cold temperatures heating bills could be burdensome for families to control. Regrettably, families struggling to meet up energy or other bills become goals for financial loans that just make things even worse.
Payday advances are among the list of worst. Typically 14- or 30-day loans at 260 per cent interest or maybe more, pay day loans promise short-term relief but result in a long-lasting financial obligation trap. (more…)