Alternative Loan Program
According to The Federal Trade Commission, payday or cash advance loans are small, short-term, high-rate loans offered by check cashers, finance companies and others and come at a very high price to the consumer. Borrowers who take out these loans can find themselves caught in a vicious cycle of debt. (For additional information about payday loans, please click here.)
In partnership with First Texas Bank, we provide an Alternative Loan Program to The Caring Place clients, assisting qualified individuals in paying off a payday or title loan that has a high interest rate, decreasing the use of these loans, and helping to rebuild their credit. Loans are limited to $1,500 or less.
For additional information, please contact The Caring Place at 512-943-0700.