Category Archives: first cash payday loan

High-cost loans a action within the wrong direction. High-cost loans by banks provide a mirage of respectability.

U.S. Bank recently introduced a unique small-dollar loan item. By the bank’s own description, it is a high-cost item .

High-cost loans by banking institutions provide a mirage of respectability. A factor with this impression could be the idea that is misguided restricting payment size to 5% of revenues means the mortgage is affordable for many borrowers. Continue reading