New Small-Dollar Loans From Bank Of America Provide Option To Costly Payday Advances

New Small-Dollar Loans From Bank Of America Provide Option To Costly Payday Advances

Dealing with a unanticipated cost without a crisis investment usually makes people who have ugly choices for accessing money. Overdrafting their bank account is convenient, but expensive, with day-to-day costs stacking up in addition to the total amount due. Payday advances are high priced and in most cases need evidence of a normal paycheck—something a debtor might not have within a pandemic that threw the nationwide economy right into a recession.

A program that is new Bank of America provides small-dollar loans to checking clients whom require short-term income. Continue reading “New Small-Dollar Loans From Bank Of America Provide Option To Costly Payday Advances”