An alternative solution to Pay Day Loans, but It’s Still High Cost

An alternative solution to Pay Day Loans, but It’s Still High Cost

U.S. Bank, among the country’s biggest banks, has once more begun customers that are offering, high-cost loans, saying the loans currently have safeguards to keep borrowers from getting back in over their heads.

The loans, between $100 and $1,000, are designed to assist customers cope with unexpected costs, like a motor vehicle fix or even a medical bill, stated Lynn Heitman, executive vice president of U.S. Bank customer banking product sales and help. Continue reading “An alternative solution to Pay Day Loans, but It’s Still High Cost”