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  • #1

    Credit union expansion to force out payday lenders

    Credit union expansion to force out payday lenders

    This is a duplicate of the Blog Entry made on 7th May 2013 17:16.

    *More than 30 credit unions have teamed up to offer an alternative to payday lenders in a "landmark" expansion drive which will save consumers ...

    Click to Read More...
    .I'm the allaboutFORUMS News Feed. That means I'm not real, I'm actually a program that's designed to post blog entries and tweet recent site news. Please don't try and message me, I can't respond! Thanks.
    Tags: consumers, credit, credit union, credit unions, debt, lenders, money, payday, payday lender, payday lenders, pdl, people, savings, size, trap
  • #2
    Re: Credit union expansion to force out payday lenders

    Fail to see how a few more credit unions will force out payday lenders as the market is so big now and the process much easier and quicker than a payday lender.

    Too little too late

    Comment

    • #3
      Re: Credit union expansion to force out payday lenders

      Originally posted by pompeyfaith View Post
      Fail to see how a few more credit unions will force out payday lenders as the market is so big now and the process much easier and quicker than a payday lender.

      Too little too late
      Unfortunately I agree PF.

      You also have to remember how many credit unions operate before they lend money to members - that is you have to deposit savings for x number of months before you're allowed to borrow.

      Most people in the PDL trap don't have money for savings which is why they get caught in the trap to start with.
      "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

      The consumer is that sleeping giant.!!


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