Cash-advance companies, also referred to as payday loan providers, offer loans to working customers whom need instant money before they get their next paycheck. Customers give a check that is post-dated electronic bank checking account information as security when it comes to 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.
There are many than 23,000 cash advance outlets
The PCUA created Credit Union Better solution (CUBC) and offered it to its user credit unions, which may have a choice of supplying it to present as well as other qualified people. 继续阅读Pennsylvania Credit Unions Provide Payday Lending Alternative