Credit unions offer many types of loans, most of which cap well below an 18% APR. Read on to learn why higher interest rates make sense for small-dollar loans.
What interest rate should a small dollar payday loan charge? While the financial services industry and its regulators debate what is the right APR for short-term, small-dollar loans, Americans in need of relief wait. Their waiting comes with a cost – a big one. PEW Charitable Trusts estimates U.S. consumers spend $9 billion annually on […]