In a bold move, Google recently announced, “We’re banning ads for payday loans and some related products from our ads systems,” effective July 13, 2016. This powerful policy move highlights the availability of personal loan options that are better for consumers’ financial health.
Borrowing money can be a positive event that improves the quality of the borrower’s life. However, borrowers often feel trapped into using products like payday loans for emergency situations, not realizing they have other options. When the family car breaks down, people focus more on getting it fixed immediately than on learning how to borrow.
Consumers employees are passionate about educating members of their lending alternatives and providing access to free financial tools. Take time today to meet with us at your local office – before your next emergency. Then when you do need a loan you’ll have an option that supports your financial health.
Post by: Tim Kosak, Consumers Credit Union