“WILL-DO” Payday Loan Alternative! (new program) Short-term Unsecured Loans
Horizon Credit Union is excited to announce a brand new program, the first of its kind in the area! Credit Unions in lower income areas all across America have been stepping up to assist good people who have gotten stuck in the vicious cycle of payday loan companies, finance companies and other predatory lenders who charge effective interest rates of up to 500% to their unsuspecting customers. At Horizon Credit Union, we offer short-term unsecured loans ($250 minimum / $500 maximum) to members with flexible weekly, bi-weekly, or monthly payment options of up to 90 days! The funds will be used to pay off predatory type lenders and end this vicious cycle. Our APR is a fixed 18%, with a $25 application fee with each loan.
This program has two other special features as well; 1) we strongly recommend 10% of the loan amount be deposited and held in a share savings account until the loan is paid, which also leaves the member with a little extra money in hand at the end of the loan, and 2) Horizon Credit Union reports to a major credit bureau which will help a member re-establish good credit if needed! We truly are excited to be able to offer this type of assistance to the good people in our community!
Do you need to pay a bill? Want to go to the beach? Need dental work? College tuition time again? Whatever the need, Horizon Credit Union can help you with our unsecured loan program. Signature loans are an excellent option when you want to borrow and pay off a particular item or event.