Payday Loan Consolidation
If the payday loan cycle has you trapped, St. Louis Community is here to provide you relief with a Payday Saver Loan. You can consolidate up to $1,000 of payday loans at a reasonable interest rate and repayment period — no credit check required!
Features of Payday Saver Loan:
- Must be a current member of St. Louis Community Credit Union
- Must have an active checking account in good standing that has been open at least six months
- No credit checks
- Max loan amount: $1,000
- Repayment term: up to 12 months
- Annual percentage rate: 25%
- Application fee: $25
- Automatic transfer of payment available for your convenience
- Financial counseling available and encouraged at no additional charge
This product cannot be used to pay off a Freedom Line of Credit with St. Louis Community.
Break free from the outrageous fees, short-term repayments and predatory nature of payday loans. You deserve control over your finances, and we’re ready to help.
Visit any branch and speak to a Member Service Representative to apply for the Payday Saver Loan.