FINANCE
One Loan Caps APR at 28%
A federal alternative to 400% payday debt.
The 400% Payday Loan Trap
A small initial fee often masks a triple-digit interest rate. But a federally-backed option exists.
The Regulated PAL Alternative
Credit union Payday Alternative Loans (PALs) are capped at 28% APR by the NCUA.
Compare All Loan Alternatives
The full report analyzes PALs, personal loans, cash advance apps, and credit cards.
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