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A Fresh Hope? Payday Plus SF Has Loan Alternative

A Fresh Hope? Payday Plus SF Has Loan Alternative

This report is part of a set called fast Cash, Quicksand taking a look at pay day loan financing into the Mission District.

In a challenge to your loan that is payday, san francisco bay area revealed a brand new micro-lending system with six neighborhood credit unions today, designed to provide a far more affordable substitute for fast money to low-income individuals.

Cash advance loan providers frequently need payment in 2 months at mortgage loan that may soon add up to over 400 per cent yearly, based on the Center for Responsible Lending. (more…)