cm0002@infosec.pubM to United States | News & Politics@midwest.social · 9 days ago10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report findsfortune.comexternal-linkmessage-square11linkfedilinkarrow-up143arrow-down10cross-posted to: latestagecapitalism@lemmy.world
arrow-up143arrow-down1external-link10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report findsfortune.comcm0002@infosec.pubM to United States | News & Politics@midwest.social · 9 days agomessage-square11linkfedilinkcross-posted to: latestagecapitalism@lemmy.world
minus-squareNateNate60@lemmy.worldlinkfedilinkarrow-up1·9 days agoYou could borrow a personal loan from a credit union. It’ll be at maybe 10-20% APR depending on your credit, but that’s an absolute steal compared to 150% APR for payday loans.
minus-square🌞 Alexander Daychilde 🌞@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days agoIf someone is looking at payday loans, they probably don’t qualify for credit union loans.
You could borrow a personal loan from a credit union. It’ll be at maybe 10-20% APR depending on your credit, but that’s an absolute steal compared to 150% APR for payday loans.
If someone is looking at payday loans, they probably don’t qualify for credit union loans.