No-interest loan choice helps stop susceptible individuals dropping victim to ‘dangerous’ payday loan providers

No-interest loan choice helps stop susceptible individuals dropping victim to ‘dangerous’ payday loan providers

Solitary mom Tina Edwards had been in need of a loan to aid pay money for surgery on her behalf three-year-old son but her options for getting authorized quickly had been restricted.

Key points:

Payday advances are high-cost, short-term loans all the way to $2,000. Due to the high repayments and quick loan period many individuals fall under a financial obligation spiral. (more…)

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