Episode 029: How to Overcome Payday Loans So You Can Buy Your First Home

Payday Loans keep many renters from becoming homeowners, but in this episode we will talk about how to avoid them, pay them off, and stay on track to buying your first home. Check out the full episode and if you have questions, be sure to reach out to us or drop your question in the comments.

//SHOW NOTES

00:00 Ever Had a Payday Loan or Heard one?

00:12 Intro

00:34 Welcome To The Homeowner Prep Podcast

01:15 The Growth of Payday Loans

02:03 What Is A Payday Loan?

04:10 Why Are They So Dangerous?

05:30 Who Uses Payday Loans?

06:24 Time Pressure Is The Issue

08:00 Cut Your Expenses to Avoid Payday Loans

09:29 Increase Your Credit Limits Before Using Payday Loans

10:32 Borrow Money From Family Before Getting A Payday Loan

11:30 I Had To Get Out of The Payday Loan Trap Too

12:09 Homeowners vs. Renters Using Payday Loans

13:04 What To Do When You Have Money Problems

13:45 Reach Out To Homeowner Prep

15:04 Outro

//IMPORTANT RESOURCES

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//ABOUT HOMEOWNER PREP

Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home – and are willing to do whatever it takes to make their dream a reality!

DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with great content!

//LICENSE INFO

DRE: 01780767

NMLS: 2218002

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