Pennsylvania Credit Unions Provide Payday Lending Alternative

Pennsylvania Credit Unions Provide Payday Lending Alternative

By Keith L. Rolland, Community Development Advisor

Cash-advance organizations, also called payday loan providers, offer loans to working customers whom require instant money before they get their next paycheck. Customers give a check that is post-dated electronic bank account information as security for the loan. The annual percentage rate (APR) of interest for a 14-day advance of $100 or $200 can be 460 percent at a payday lender. متابعة قراءة “Pennsylvania Credit Unions Provide Payday Lending Alternative”