Archive for the ‘Direct Lender Installment Loans’ Category

Onward Financial’s Employer-Backed Payday Loan Alternative

Posted by: funnytodd   
January 22nd,

The story is known by you. Experts state that short-term, small-dollar loans push customers to the hamster wheel of a debt that is never-ending – the one that turns a two-day connection to pay for a shortfall as a six-month mosh pit of costs that will be difficult to seek out from underneath.

“I believe that it is pretty apparent once you read stories in regards to the lending that is payday – and exactly how it goes incorrect for customers – that customers require a much better alternative,” Onward Financial Founder Ronnie Washington said.

Merely banning these borrowing products doesn’t resolve the issue, either – instead, it simply shifts the parameters regarding the issue. Read the rest of this entry »