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Most of us have actually unanticipated costs. But also for the countless of us who will be living paycheck to paycheck, those unanticipated costs are difficult â€” if not impossible â€” to pay for.
This week, U.S. Bancorp established a brand new solution to provide its customers a means away from such a bind: Simple Loan, which allows the bankâ€™s checking account clients borrow between $100 and $1,000.
The first of the small-dollar credit choice by a sizable bank could express a difference in finance institutions getting back in a business they backed away from years back. For customers, it might suggest another solution for their cash-flow plights.