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The Paths to Paying off a $500 Debt 

Practical tips for tackling small debts before they spiral.

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More than one third of Americans cannot afford to pay an unexpected $500 cost out of pocket, so they must often use alternative ways to settle their debts. This video examines the options available to people who need money fast, from overdraft fees that can stack up over time to payday loans that quickly become predatory.

Questions:

  1. What are the benefits of maintaining an emergency fund for unexpected costs?
  2. Why are payday loans considered predatory? Do you think government regulators should do more to make payday loans safe for consumers?
Author: NickelsMcHughMcHugh