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Appreciate the honesty

May 29, 2009 | alternatives, industry | Comments (0)

A new Seattle-based program that helps under-banked citizens says this:

Express loans are not designed as payday loans, but as an alternative short-term loans with monthly payments, she said. Express offers repayment terms, and the loan is reported to credit reporting agencies so it can improve a credit score if paid back on time. Borrowers get a rebate of one-third of the loan fee once it’s paid off, and no checking account is needed to qualify.

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