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 granted by some credit that is federally insured. It is possible to find a credit union in your area at MyCreditUnion.gov.
The absolute most you are able to borrow having a PAL happens to be simply $1,000. However the rate of interest is capped at 28%, making PALs a far more option that is affordable pay day loans as well as some online signature loans for bad credit.
Reduced rates of interest than pay day loans plus some online unsecured loans
Minimal application cost is capped at no more than $20 nationwide