Credit unions offer payday loans

Many sing the praises of credit unions -- nonprofit alternatives to banks that generally offer lower loan rates and fees to customers. So how surprising is it that credit unions are offering products similar to the much-disparaged payday loans?

These aren't the type of credit union loans that personal-finance writers advise you to get to help build or rebuild your credit scores, especially if you can't get a credit card. And the payday loan folks have taken note.

Writes the PaydayLoanIndustryBl​og, commenting on a new iWatch News report by Ben Hallman (part of which also appeared in The Washington Post):

Read full story

• Catalog Credit Cards
• Your First Credit Card
• Protect Your Credit Before Divorce