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By Sarah McDaniels – Credit unions are not-for-profit organizations that are owned by their actual members. So, instead of trying to maximize their profits to benefit some third-party shareholder, these organizations use their revenue to deliver lower interest rates and more affordable fees to their members. Payday-alternative loans are one helpful result of this unique …
By Paul A. Achoa – Certain modern lenders run all of their operations over the internet to help avoid overhead costs associated with having physical, brick-and-mortar branches. Since they have lower costs and broader reach, they are often able to provide greater access to bad-credit loans compared too traditional banks. With that being said, interest …
By Paul A. Achoa – In general, you should avoid payday loans unless you are in a serious financial emergency. This is because these loans charge high-interest rates (many charge an APR in the neighborhood of 400% or even higher). They also usually require full repayment within a couple of weeks. In most instances, you …