Watch the 7:36 clip above and/or check out the entire episode below the show notes.
I think we all can unanimously agree that the vicious cycle of payday lending should be banned to a planet in a galaxy far, far away. That planet may not want it either.
To the rescue is small-dollar lending from credit unions that not only help consumers escape that vicious payday lending cycle but can help them get on a direct path to financial stability, as well. What I recently learned, however, is that small-dollar lending is not just for those with not-so-perfect credit scores. Because of its incredible convenience, even folks who are financially stable use these easy-to-get loans.