If it offers Payday Alternative Loans (PALs) if you need emergency cash and you happen to be a credit union member, you should check to see. PALs are tiny, short-term loans designed to offer an alternative to high-cost pay day loans.

These quick unsecured loans come with regards to anyone to 6 months and lent quantities can cover anything from $200 to $1,000. Unlike payday advances, PAL application charges cannot go beyond $20 and also the maximum rate of interest is 28%.

But, you will not be eligible for a PAL unless you’ve been a part of the credit union for a minumum of one month. Читать далее →