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Avoid These Loans After 60: Payday Loans, Car Title Loans and More | Sixty and Me

407 views · Published 1 November 2013 · 4:15 · Indexed 3 October 2026

Channel: Sixty and Me · 2013 · People & Blogs

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In today's challenging economy, managing money in retirement is harder than ever. One of the simplest rules is also the most effective - avoid bad loans. 

If you are finding yourself in some kind of financial trouble, there are many companies who would love to talk to you. Unfortunately, there are some bad actors in the financial services industry, and not all loans and financial products actually work to your benefit as a consumer.

If you need to borrow money, whether it's for emergency expenses or a one-time purchase or just to get by while waiting for a new job or the sale of a home or some other influx of cash, there are a few types of loans that women over 60 definitely need to avoid. Here are a few types of risky loans to avoid if you need to borrow money:

Payday Loans
Car Title Loans
Tax Refund Loans
Cosigning on a Loan

Read the full article: http://sixtyandme.com/borrower-beware-types-of-loans-to-avoid-after-60

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