Has anyone heard of StretchPay offered by Credit unions
Date: Wed, 10/08/2008 - 05:56
while doing some research online regarding PDLs and how to get out of debt I came across a new option that some Credit Unions are offering to compete with PDLs. It is called StretchPay and is like a PDL but lower percentage than PDLs (18% i think) and more time to pay (up to 30 days). This will not help me out of my mess since you can only get $500 and you need to be a member of the Credit unions for 60 days but if there is anyone out there that is a member of a credit union this might be an option to take out a loan and pay off the PDLs. from what I read they do not check your credit. it may help break the cycle of PDLs for some folks on this board but be careful to not use this to add to the problem by taking out a credit union loan and NOT paying off the existing PDL.
Many banks offer advances on direct deposits now. US Bank and FS
Many banks offer advances on direct deposits now. US Bank and FSNB come to mind, but there are many.
I know that US bank charged 10.00 for every 100.00 advanced.
Submitted by Mary Adkins Matthews on Wed, 10/08/2008 - 14:35
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