$30 billion annually вЂ“ that is exactly just how Pew that is big said payday, pawn automobile name, etc. loan marketplace is in the usa. When individuals require that loan, and everyone else has stated no, each goes to alternative loan providers. ThatвЂ™s 10 to 12 million People in the us each year.
They spend through the nose too. As much as 400% APR.
But just what if credit unions might get included. And imagine if credit unions can offer more consumer-friendly choices.
Enter QCash, a forward thinking, small buck financing platform that grew away from WSECU (Washington State Employees Credit Union) and in addition benefited from counsel via Filene.