Payday advances are dying. Problem solved? Not exactly

Payday advances are dying. Problem solved? Not exactly Payday installment loans are fast and convenient when you’re in a pinch, but they’re still perhaps maybe not just a good notion. (picture: Getty Images/iStockphoto) Payday advances — the “lifesavers” that drown you with debt — are regarding the decrease. Fines and scrutiny that is regulatory high prices and misleading techniques have shuttered cash advance shops into the united states in the final several years, a trend capped by a proposition final summer time because of the customer Financial Protection Bureau to restrict short-term loans.