An alternative?
July 27, 2009 | Texas, alternatives, industry | Comments (0)This article about a Texas “alternative” to payday lending reads like one of the drug commercials where the disclosures take up half the commercial:
Plus, you’re required to use the savings component. “10% of the loan will be put into a savings account and frozen until the loan is paid off,” Natasha tells us…. And you’re able to pay back in installments, so you’re the one that gets to cash in instead of Payday lenders.
This program won’t be offered at every Credit Union in the state, we’re told there are 50 that will release it in the 4th quarter.
See your physician before using.
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