Onward Financial’s Employer-Backed Payday Loan Alternative

Onward Financial’s Employer-Backed Payday Loan Alternative

You understand the tale. Experts state that short-term, small-dollar loans push customers into the hamster wheel of the never-ending debt cycle – the one that turns a two-day connection to pay for a shortfall right into a six-month mosh pit of charges that may be difficult to dig out from underneath.

“I believe it is pretty apparent whenever you read tales in regards to the payday financing industry – and exactly how it goes incorrect for customers – that customers require a much better alternative,” Onward Financial Founder Ronnie Washington stated.

Just banning these financial products does solve the problem n’t, either – instead, it simply shifts the parameters of this problem.

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