NATIONWIDE CREDIT UNION MANAGEMENT 1775 Duke Street, Alexandria, VA 22314
The criticisms connected with payday financing and name loans have obtained significant attention from the news. The nationwide Credit Union management urges credit unions to understand the potential risks related to payday financing and name loan programs. Pay day loans (a.k.a. deferred advance loans, payday loans, check advance loans, post dated check loans, or deferred deposit check loans) are little buck, short term installment loans borrowers vow to settle from their next paycheck or wage deposit.