Payday loans look like an easy answer to a real cash shortage. but their costs can skyrocket quickly. One woman tells her ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Explore safer alternatives to payday loans, including installment loans, credit unions, employer advances, and hardship ...

Your car breaks down on a Tuesday morning. The repair bill hits $400. Your next paycheck arrives in eight days. This exact ...

An installment loan is a loan you repay over time in equal payments, usually on a monthly basis. Each payment includes a part of the loan principal, which is the original amount of money you borrowed ...