Finances Archives - Resist Average Academy

How to Get Out of Payday Loan Debt – 7 Proven Steps to Regain Control

July 1, 2025 by Olivia Williamson

A man calculates bills and expenses at a desk while managing payday loan debt paperwork

Payday loan debt can feel impossible to escape, but there are proven, realistic ways to break the cycle. The most effective approach is to stop the borrowing spiral, contact your lenders directly to ask for extended payment plans, and use a mix of debt consolidation, nonprofit credit counseling, and strict budgeting. You do not need … Read more

How Debt Settlement Affects Your Credit Score – What You Need to Know

July 1, 2025 by Olivia Williamson

A phone shows a 595 credit score labeled poor after debt settlement

Settling a debt means you negotiate with a creditor to pay less than the full amount owed, often as a lump sum or through a structured payment plan. While debt settlement can offer a path out of overwhelming debt, it will almost always lower your credit score, often significantly, and for several years. The reason: … Read more