Payday is right around the corner, but you have an emergency that requires funds now. What do you do?
University Credit Union has a Payday Advance Loan that is an affordable alternative to loans provided at Check Cashing Stores. This short-term loan provides members with up to $500 that will get repaid on payday.
Plus, unlike Check Cashing Stores, UCU does not charge high fees that make it very expensive to access short-term funds. A reasonable annual fee, Direct Deposit of your paycheck and other features makes the Payday Advance Loan a money-saving option:
- $500 Maximum Loan
- $100 Minimum Loan
- No Advance Fees
- $45 Annual Fee
- Paycheck Direct Deposit Required
- Full Repayment by the Next Pay Day
- 18% Annual Percentage Rate (APR)
Break the Cycle of Payday Advance Loans
If you happen to be a frequent user of check cashing loans, the UCU Payday Advance Loan is a great option for helping to break the cycle. After UCU's annual fee, the only other charge would be interest charged on your outstanding balance (which only comes to pennies a day!). With Check Cashing Stores, you'll be charged for each $100 taken, every time you take an advance. Those fees can really add up and reducing them means more money in your pocket!
For more information on applying for the Payday Advance Loan, please contact a UCU representative at (310) 477-6628, x1 during the Main Office's regular business hours.
