Short on cash? Considering a payday loan? This increasingly popular loan option provides the money you need to get by until your next paycheck with one catch - you have to be willing to pay a price. A typical 15% fee on money borrowed from a payday lender is often the equivalent of an annual percentage rate that could range anywhere from 180% to 780%, depending on the payback period.
A Smart Alternative To Payday Lenders
There is a better solution - LFCU's QuickCash. This clever alternative to Payday Lenders features the quick turnaround you need AND an 18% APR. That translates into huge savings. For example, say you pay $75 to borrow $500 for two weeks from a payday loan company. That $75 fee translates into an annual percentage rate of 390%. If you were to take out a $500 QuickCash Loan at 18% APR from LFCU, you would pay only $3.48 in interest over a two week period.
If you find yourself in need of extra cash, please call 757-827-EASY or 800-588-EASY
or visit one of our convenient
branch locations.
We'll help you with an affordable, smart alternative to payday lenders.
