NEW YORK–( COMPANY WIRE )–Nov. 10, 2004–JPMorgan Chase & Co. in addition to nationwide Federation of Community Development Credit Unions have actually selected six credit unions in five states to produce and develop alternatives to high-cost “payday” loans for customers.
Beginning year that is early next the lender will be able to work because of the credit unions in Ca, Illinois, Louisiana, nyc and Ohio to greatly help low-income customers who now use short-term loans to transport them over until their next paycheck. With few alternatives, these clients are confronted with high charges and rates for loans as short being a fourteen days. Continue reading “Six Credit Unions Selected to look for Payday Loan Alternatives”