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 Get Started With HomeownerPrep: Buy Merch, Support The Mission: Subscribe to Our Channel: //CONNECT WITH US Instagram: Facebook: Twitter: TikTok: //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!

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