Comparative Short-Term Lending Products

The following chart is based upon independent study performed by Dr. Dan Oglevee and Dr. Bill Reeves, finance professors at The Ohio State University. It compares the actual and annualized interest rates for a variety of short-term loans and banking and credit services.

This clearly illustrates that short-term loan alternatives such as bank overdraft fees or credit union loans are often times even more expensive than receiving services from a licensed short-term lender.

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