Buying local and emergency loans
Buying local could help a favorite small business survive the pandemic. Meanwhile, people who don’t have savings may be tempted to take out emergency loans to cover unexpected expenses. But these small dollar loans can come with high interest rates...
NerdWallet's Smart Money Podcast
August 24, 202022m 19s
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Show Notes
Buying local could help a favorite small business survive the pandemic. Meanwhile, people who don’t have savings may be tempted to take out emergency loans to cover unexpected expenses. But these small dollar loans can come with high interest rates and short repayment terms, leading to a debt trap.
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