a system that allows employers offer little loans to their employees. Called TrueConnect, the merchandise allows loans all the way to $3,000 at an APR of 24.9 per cent. That amounts to costs of $120 per year on a $1,000 loan.
To make certain individuals do not get in over their heads, loan quantities are limited by 8 per cent of gross pay, in contrast to up to 39 % in a few states. Continue reading →