{"id":6783,"date":"2016-05-10T15:15:36","date_gmt":"2016-05-10T15:15:36","guid":{"rendered":"\/?p=6783"},"modified":"2020-02-21T09:40:46","modified_gmt":"2020-02-21T09:40:46","slug":"dead-end-loans-youve-got-to-avoid-part-3","status":"publish","type":"post","link":"https:\/\/yourcoverageinfo.com\/finance\/loans\/dead-end-loans-youve-got-to-avoid-part-3\/","title":{"rendered":"Dead End Loans, You\u2019ve Got To Avoid: Part 3"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In Dead End Loans You\u2019ve Got To Avoid: <a href=\"\/loans\/dead-end-loans-youve-got-to-avoid-part-1\/\">Part 1<\/a> and <a href=\"\/loans\/dead-end-loans-youve-got-to-avoid-part-2\/\">Part 2<\/a>, you had a chance to see the bad side effects of pay day loans, car title loans, credit card cash advances, casino loans and pawn shop loans. In part 3 we are going to cover other kinds of loans that may end up leaving you worse than where you started.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Overdraft Loan \u2013 If you have overdraft protection from your bank, you can basically overdraft as much as the bank allows for a hefty fee. The fee per transaction usually runs anywhere between $29 and $35 dollars per overdraft occurrence.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Installment Loan \u2013 Installment loans are similar to payday loans. Borrowers are able to get anywhere from $200 to $1000 often in just 24 hours. The interest fees are astronomical, but unlike payday loans, payments usually stretch out over 6 to 12 months. If you default on these loans, the lender may take out a huge sum from your checking account. For many, this can be over half of their paycheck. Many times the payments seem to never put a dent on the loan balance.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Avoiding the loan types listed in this three part series is the most ideal way of protecting yourself from getting into a financial nightmare.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Dead End Loans You\u2019ve Got To Avoid: Part 1 and Part 2, you had a chance to see the bad side effects of pay day loans, car title loans, credit card cash advances, casino loans and pawn shop loans&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":25094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/posts\/6783"}],"collection":[{"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/comments?post=6783"}],"version-history":[{"count":0,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/posts\/6783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/media\/25094"}],"wp:attachment":[{"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/media?parent=6783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/categories?post=6783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcoverageinfo.com\/wp-json\/wp\/v2\/tags?post=6783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}