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

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

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All of us have actually unanticipated costs. However for the countless of us that are residing paycheck to paycheck, those unforeseen costs are difficult — if not that is impossible manage.

This week, U.S. Bancorp established an option that is new offer its clients a means away from this kind of bind: Simple Loan, which allows the bank’s checking account clients borrow between $100 and $1,000.

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

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