Monthly Archives: September 2020

crackdown was vital, but credit unions must expand after coronavirus to fill void

The cost of accessing small personal loans can be extremely high for those who need them the most. Take the UK, where a £ 200 loan Personal Credit Provident more than 13 weeks costs £ 86 in interest. That’s an equivalent APR of a whopping 1,557.7%. These offers are available …

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Everything you need to know about payday loans

Angela Lang / CNET For the millions of Americans living on paycheck after paycheck, running out of money is a constant and imminent concern. About 12 million people take out short-term unsecured loans – sometimes called “payday loans” – each year, according to the Federal Reserve Bank of Saint-Louis. And …

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