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  2. What happens when you can’t repay a payday loan? - AOL

    www.aol.com/finance/happens-t-repay-payday-loan...

    When you can’t repay a payday loan, several things are likely to happen as a result.

  3. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled. Unsecured debts include medical bills and credit card debt; but not public student loans, auto financing or mortgages. For the debtor, the ...

  4. Critical factors to consider when taking out payday loans ...

    www.aol.com/finance/critical-factors-consider...

    Personal loans tend to have a minimum repayment term of 12 months, so you’d technically pay more in interest over the life of a loan compared to a payday loan ($205.55 vs. $153.42).

  5. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

  6. What are debt relief companies and how do they work? - AOL

    www.aol.com/finance/debt-relief-companies-look-3...

    Key takeaways. Debt relief can take three forms: debt settlement, consolidation and management. Working with a debt management company can result in less debt or a faster payoff — but there are ...

  7. Settlement offer - Wikipedia

    en.wikipedia.org/wiki/Settlement_offer

    A settlement offer or offer to settle is an offer to resolve an outstanding issue or account. This may involve a statutory offer to compromise in a civil lawsuit . In either case, it involves communication from one party to the other suggesting a settlement , or an agreement to fully and finally resolve the outstanding issue, account, or dispute.

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