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These loans ordinarily have high costs, are rolled over usually and certainly will lead to unpleasant financing practices.

These loans ordinarily have high costs, are rolled over usually and certainly will lead to unpleasant financing practices.

NATIONWIDE CREDIT UNION MANAGEMENT 1775 Duke Street, Alexandria, VA 22314

The criticisms related to payday financing and name loans have obtained significant attention from the news. The National Credit Union management urges credit unions to understand the potential risks related to payday financing and name loan programs. Payday advances (a.k.a. deferred advance loans, payday loans, check advance loans, post dated check loans, or deferred deposit check loans) are little buck, short term installment loans borrowers vow to settle from their next paycheck or wage deposit.Read More