Filing your personal taxes can be easier than it used to be. Unfortunately, what you could claim last year may not be the same this year. I have compiled a list of the common personal tax laws that have changed since last tax season on my website. I have also provided several tips that can help you get the biggest return possible without manipulating your tax forms. You can learn how to get the biggest return while following the IRS guidelines so you do not have to worry about tax audits or getting a penalty letter a few years after getting your check.
If you've found yourself getting behind on bills, you may have considered taking out a paycheck advance or payday loan. These loans can serve as a life preserver to those who are temporarily unable to meet their monthly financial obligations. However, a failure or inability to repay these loans can have dramatic consequences — or even land you in jail.
How long do you have to repay a payday loan?
Most payday lenders will provide cash in exchange for access to your banking information (and a signed consent form to permit them to withdraw a certain amount on a certain date) or a post-dated check drawn on your bank account. In general, payday loans are short-term loans — most lenders will seek repayment within two weeks. If the lender attempts to draw the funds out of your bank account and your balance isn't high enough, it may either offer you an extension (for which you'll pay additional interest) or pursue immediate legal action.
What are the potential consequences of failing to repay a payday loan?
8 January 2015