Loans
Avoid Payday Loans
Don't Get Caught In The Trap!
Payday loan companies are places that allow people to borrow money based on the amount of their paycheck and the fact that there is a paycheck. This convenience does not come CHEAPLY however. Some payday loan companies have been known to charge as much as 333% interest!
A payday loan company is in business to make money and make money they do! If advanced financing is not repaid on time, by the next payday, the amount can have more than doubled! The biggest problem with this? Most people live from paycheck to paycheck and if on next payday the check needs to go to the loan company, the borrower is already 2 weeks without money coming in.
At JMCU we have loans as low as $200.00. Please check with Teresa in our loan department first before going to a payday loan company! Let us try and help you out of your financial hardship without it costing you an arm and a leg to do so.