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Avoiding Pay Day Loans: Podcast Episode 44

Jenna Taubel

Jenna Taubel About The Author

May 23, 2020 10:15:00 AM

In this episode of the Good Money Moves podcast, we talk about pay day loans and why you should avoid them. We first talk about what pay day loans are, then talk about why they might seem like a good idea before showing how they can lead people into a repeating debt cycle. We also discuss the options  for how to pay off a pay day loan. 

Good Money Moves is a local Rochester,  MN podcast produced through a partnership between First Alliance Credit Union and News Talk 1340 KROC AM & 96.9 FM. Each Good Money Moves podcast episode is packed full of the financial information you need know to be able to make good money moves through every stage of life. 


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Good Money Moves Podcast Episode Details:

Episode Number: 44

Topic: What you need to know about pay day loans

The Hosts: Andy Brownell from KROC AM and Jenna Taubel from First Alliance Credit Union

Topic expert: Michelle Dodd, Branch Manager at First Alliance Credit Union

Episode Length: 26:29 minutes

In Episode 44 of the Good Money Moves Podcast

In this Good Money Moves podcast, we talk about pay day loans and why you should to avoid them. We start the podcast by discussing just what a pay day loan is, then talk about why they might be attractive to someone who needs money, before showing how they often trap borrowers in a cycle of increasing debt. Finally, we talk about alternatives to a pay day loan and what you can do to get out of the pay day loan debt cycle. 

Financial Tools and Resources Mentioned in the Show

Other Podcast Listening and Download Options

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