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Service Specifications Project Overview Project Payday Alternative Loans (PAL) Cost $500.00 NCAA Small Dollar Lending program, Payday Alternative Loans (PAL) serves as a viable option to predatory payday

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What is project payday alternative loans?

Project payday alternative loans are short-term loans offered by credit unions as an alternative to traditional payday loans, with lower interest rates and fees.

Who is required to file project payday alternative loans?

Credit unions are required to file project payday alternative loans.

How to fill out project payday alternative loans?

Project payday alternative loans can be filled out online or in person at the credit union, providing necessary personal and financial information.

What is the purpose of project payday alternative loans?

The purpose of project payday alternative loans is to provide members of credit unions with access to small, short-term loans at more affordable rates.

What information must be reported on project payday alternative loans?

Information such as loan amount, interest rate, fees, repayment terms, and borrower's information must be reported on project payday alternative loans.

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