How to Break the Payday Loan Rollover Cycle: A Step-by-Step Exit Plan
How to break the payday loan rollover cycle in 90 days: EPP scripts, ACH revocation, PAL refinance, and when to call a lawyer. A step-by-step exit plan.
By Derrick Washington
HomeBorrow Smarter
Borrow Smarter
Reporting, analysis, and plain-language explainers on payday loans, state rules, credit scores, and the lower-cost alternatives most borrowers never hear about.
PAL Loans From Credit Unions: The Real Alternative to a Payday Loan
PAL loans from credit unions cap APR at 28% and replace payday loans for most borrowers. See PAL I vs PAL II, eligibility, and the membership workaround.
By Derrick Washington