A new option for cash-strapped borrowers

Erika Beras Sep 11, 2018
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U.S. Bank recently rolled out Simple Loan, which could serve a different option for borrowers. Thomas Hawk/Flickr

A new option for cash-strapped borrowers

Erika Beras Sep 11, 2018
U.S. Bank recently rolled out Simple Loan, which could serve a different option for borrowers. Thomas Hawk/Flickr
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This week, U.S. Bank rolled out Simple Loan. It’s a bank-backed, low-interest competitor to payday lenders and other financiers that offer small loans on a short-term basis, often at high interest rates. U.S. Bank’s new loan product may signal a change in how cash-strapped Americans borrow and finance.

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