Archive for the ‘Fast Cash Payday Loan’ Category

Nonprofit Pay Day Loans? Yes, to Mixed Reviews

APPLETON, Wis. — This city of 70,000 has five McDonald’s franchises, three Pizza Huts, four Starbucks stores — and 19 pay day loan shops, brightly lighted storefronts with names like EZ Money and Check towards money that provide two-week loans without credit checks.

Peggy Truckey, 53, understands the attraction. Final 12 months she owed almost $1,300 to four of these shops, and ended up being having to pay about $600 per month in finance charges alone. “I thought we had been planning to need to use an additional task in order to spend the interest off,” Ms. Truckey stated.

Then she found out about a brand new nonprofit program operated away from a Goodwill thrift shop, one of many hundred lower-cost pay day loan items that are increasingly being tried by credit unions all over nation.