Monthly Archives: June 2021

Payday loan alternatives are becoming more widely available

In perhaps the most unprecedented change, the Consolidated Appropriations Act of 2021, designed to provide financial relief during the pandemic, included $3 billion specifically for the CDFI Fund, which provides financial assistance to CDFIs and minority depository institutions (MDIs). That amount is nearly equal to what the fund has received in total since its inception in 1994. “There’s a lot ...

Read More »

How To Get Out Of Payday Loan Debt Now

The key is to shop around and find a loan at the most affordable rate and on the most favorable terms possible. If you are able to get a personal loan, you can significantly reduce the interest rate and the borrowing costs that you pay compared to payday loans. More of your money will be used to pay off your ...

Read More »