Payday Lending and Title Loans. Equal Credit Chance Act

Payday Lending and Title Loans. Equal Credit Chance Act

The criticisms connected with payday financing and name loans have obtained attention that is significant the news. The nationwide Credit Union management urges credit unions to understand the potential risks connected with payday financing and title loan programs.

Payday loans (a.k.a. deferred advance loans, cash advance payday loans, check advance loans, post-dated check loans, or deferred deposit check loans) are small-dollar, short-term loans borrowers vow to settle from their next paycheck or income deposit. Continuer la lecture de « Payday Lending and Title Loans. Equal Credit Chance Act »