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Pioneer Blog

Beware of Payday Lenders!

Posted on May 24, 2016

At Pioneer Federal Credit Union, we want our members to always be financially secure. We strive to be there for our member through good times, and through not-so-good times. We want you to know that you can come to us in times of need, rather than getting involved with a high-interest payday lender. The Idaho Statesman recently published a story of a man who got in too deep and paid $50,000 interest on $2,500 in payday loans.

"I had nowhere else to go. I had family, a daughter in college, bills to pay... Those places shouldn't be allowed to do that. It's just glorified loansharking," said Elliott Clard of Kansas City, Missouri.

Do your best to be financially responsible, and know that we are here for you when times get tough!

To read the full article, click here.

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