By GreenPath Financial Wellness It often starts with a moment of panic: a bill you didn’t plan for and not enough money to cover it before payday. In that stress, payday loans can feel like a lifeline—fast, simple, and there when you need it. Before you move forward, it helps to understand how payday loans typically work for many borrowers. What Payday Loans Are (and Why They’re Risky) A payday loan is a small, short-term loan (often a few hundred dollars) that is supposed to be repaid by your next payday. On the surface? It’s an easy way to cover a cash crunch. The costs can be eye-opening: Most payday… read more »

Summer is a time for fun and excitement, but it can also be super expensive. Summertime can be a season of major life changes like household moves and weddings; purchasing that boat you’ve been eyeing and let’s not forget those dream vacations! Before you start swiping the plastic for everything under the sun, Belco Community CU recommends considering a personal loan to stay within your budget. At, Belco Community CU, the application process is smooth and quick, and, as a member, you don’t need flawless credit to qualify for a great rate. We also offer fantastic terms, with interest rates on loan payments. When you use a personal loan instead… read more »

Q: I need to get some money together in a hurry. Help! What can I do? A: There’ll always be times in your adult life when you find yourself in need of a sizable amount of money without enough savings on hand. Maybe you’re drowning in debt, or you just spent some time in the hospital, or your car started to breathe fire. Whatever the case, you need that money pretty quickly. For times like these, consider a personal loan. A personal loan is a loan of any amount of money, typically ranging from $1,000 to more than $50,000, which is not secured with collateral — that is, there’s no… read more »