A payday alternative loan (PAL) is worth considering if you’re struggling with severe credit problems and need a small-dollar loan to get you through an unexpected financial emergency. PALs are released by some federally insured credit unions. You can easily find a credit have a peek at this hyperlink union towards you at MyCreditUnion.gov.
The absolute most it is possible to borrow with a PAL happens to be simply $1,000. However the rate of interest is capped at 28%, making PALs an even more option that is affordable payday advances and also some online unsecured loans for bad credit.
Reduced rates of interest than payday advances plus some online unsecured loans
Minimal application cost is capped at no more than $20 nationwide
Small maximum loan amount of $1,000 may possibly not be adequate to generally meet your borrowing requirements