Advance pay service may reduce use of payday loans

Americans take out roughly $50 billion in payday loans a year, each racking up hundreds of dollars in fees and interest. But a small and growing service that allows its users to take an advance on their paycheck might be ...

Online loans likely to lead to the payday debt spiral

Resorting to the mobile phone for a quick injection of cash is on the rise as more online lenders join the market, a trend likely to lead more Australians into a spiral of debt, says QUT poverty researcher Professor Greg ...

Payday can be a killer, new study shows

(PhysOrg.com) -- People are more likely to die on or shortly after they’re paid, according to a new study by University of Notre Dame economist William Evans.