Analysis: As banks squeeze, alternative lenders gain traction
Online lender BillFloat, backed by Ebay's PayPal, offers a 30-day loan of up to $ 225 to consumers looking to pay their bills. The service, started two years ago, has an annualized interest rate of 36 percent, making it far cheaper than payday loans, …
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Credit unions launch alternative to payday loans
According to Financial Stability Partnership data presented by the league, the average payday loan in Nebraska has up to a 460 percent APR on a $ 500 loan with a payback term of 34 days. A representative of the Nebraska Financial Services Association, …
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