Thursday, May 23, 2013

Some Nevada credit unions offer payday loans, but most avoid short-term lending

DETROIT, May 23, 2013 /PRNewswire-iReach/ — The number of people who have received a payday loan and have been extremely satisfied with the result of.

Are payday loans a good source of emergency cash? Thanks to misleading marketing, many of its consumers unfortunately think so. “Payday lending stores are opening their doors in low-income neighborhoods at a rate

Loans from federal credit unions are currently capped at 18%, though some qualifying short-term loans can go as high as 28% (plus a $20 fee). These numbers are far below the standard three-digit APRs you see on payday

The CEO of a small credit union criticized for allegedly making payday loans strongly defends her institution, arguing the CU's loans help members escape short term, high interest debt. Rhonda Hotard, CEO of the 25,000-member, $174 million Louisiana

Singapore — (SBWIRE) — 05/23/2013 — Residents in Singapore who are in need of immediate money – and cannot wait for their paycheck – can heave a sigh of relief knowing that they can turn to a number of payday loan companies.The fact remains

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Some Nevada credit unions offer payday loans, but most avoid short-term lending

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