Caution: Payday Lenders!

Payday loans are called so because the principal on these loans is typically required to be repaid on your next payday. Payday lenders provide fast funds to borrowers with a job and a checking account. And most payday lenders charge annual percentage rates from 300% and up. Watch this video from our Home&Family Resource Center. It is a personal account of a credit union member who got stuck in this cycle. Do you know somebody in a similar situation?