Wednesday, December 5, 2007

Kansas Credit Unions Offer Payday Alternatives

Click your ruby slippers together and repeat: "I want to get out of this payday trap...I want to get out of this payday trap..."

Dorothy's magical slippers may be a fantasy, but financially-buried folks in Kansas are following the Yellow Brick Road to local credit unions. The cooperatives now offer alternatives to payday loans, says one credit union leader in the Dodge City Daily Globe:
There are a lot of folks who come in and take a payday loan and, for whatever reason, get caught in the trap of not being able to pay that loan. Our goal as a credit union is to help folks who are caught in that situation and show them there is a better way to borrow, a better way to handle their finances, and help them to become good members of our credit union for the rest of their lives.

And Toto, too! Click here for the online story.

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