Say Goodbye Debt Woes with Payday Loan Alternative
Personal Loans: A Viable Alternative
Personal loans from banks or credit unions are a popular alternative to payday loans. These loans often come with lower interest rates and longer repayment terms, allowing you to manage your debt more sustainably. According to a report by the Federal Reserve, the average interest rate on a two-year personal loan is around 9.58%1, significantly lower than the typical payday loan rate, which can exceed 400%2.