US Bank launches pay day loan substitute for cash-strapped clients

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US Bank launches pay day loan substitute for cash-strapped clients

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Most of us have actually unforeseen costs. However for the numerous of us that are residing paycheck to paycheck, those unforeseen expenses are difficult — if not impossible — payday loans in Tennessee to manage.

This week, U.S. Bancorp established a brand new choice to offer its clients an easy method away from this type of bind: Simple Loan, which allows the bank’s checking account customers borrow between $100 and $1,000.

The first of a credit that is small-dollar by a big bank could express a significant difference in finance institutions getting back to a company they backed away from years back. For customers, it may suggest another solution with their cash-flow plights.

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