Unsecured loans comprise 19.5% of all loans at credit unions. While this percentage has only changed marginally over the last couple of years (declining about one percent since 1994), there has been a slight shift between the two categories of unsecured loans. Signature loans are gradually declining as a percentage of total loans, while credit card lending is on the rise. Signature loans declined from 13.0% of the total loan portfolio in 1994 to 11.4% today. Outstanding balances on credit union members' credit cards currently make up 8.1% of total outstanding loan balances, compared to 7.4% at the end of 1994. AboutPayday Loans offers short term cash advances to help you make ends meet when those situations arise and you find yourself a little short on cash. Our service is courteous and hassle free. We are not a bank. We are not here to judge and penalize you. We do not perform a standard credit check however, we do utilize various verification type services to help our staff process your application quickly. Your business is very important to us and we make sure that you are treated both fairly and with respect. We understand that there are certain times that require a little financial help. An unsecured signature loans instrument allows you to take care of those matters with dignity and confidentiality. We want you to feel that you are important to us and if at anytime you feel otherwise, please let us know.
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