It’s impossible to truly prepare for an emergency. Even with a well-stocked emergency fund, (which most Americans don’t have) an unexpected job loss or hospital trip can eat up your savings fast. And when personal finances run out, external sources of credit become essential. Unfortunately, personal emergency loans aren’t all created equal and predatory loans can drag out the hardship. But at DEXSTA Federal Credit Union, we’re here to support you with safe, flexible personal loan options so you can move past adversity without sacrificing your financial future.
Recognizing Predatory Loans
Predatory loan providers, like the many payday loan lenders, target unsuspecting loan seekers, particularly those who need money quickly. These loan providers often use unclear terms and conditions or unfair tactics to make as much money as possible before the loan holder defaults. These tactics can range from bundling unnecessary services to charging extremely high daily interest rates.
If you’re in crisis, it can be easy to assume these types of loan programs are your only option. But that’s not the case. Many reputable credit unions offer their members emergency loan options that are far safer than payday loans (one of the bigger predatory loan providers out there). And at DEXSTA, we’re no different.
When Times Get Tough, Trust DEXSTA Federal Credit Union
Our credit union was founded during one of the most historically trying times, the Great Depression. From the beginning, we’ve dedicated our work to helping community members overcome hardships. The same holds true today.
At DEXSTA, we offer loans with simple interest rates and no fees. With several repayment options, including the ability to automatically deduct payments from your paycheck, we make it easy to get the cash now and repay with ease.
While predatory loan providers offer daily interest rates that push your APR over 100%, DEXSTA loans offer low APR, and interest rates are capped at 18%. We approve and fund within 1-3 business days, so you’re never left high and dry when you need money most.
Apply for a Personal Emergency Loan Today
For DEXSTA members, personal emergency loans can help safeguard your financial future, even during tough times. So when disaster strikes, don’t panic; just reach out to your local credit union for support.
Find out more about our personal loans and apply for an emergency loan online.