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Most of us have unforeseen costs. However for the countless of us who will be residing paycheck to paycheck, those unanticipated costs are difficult вЂ” if not impossible вЂ” to manage.
This week, U.S. Bancorp established an option that is new offer its clients an easy method away from this type of bind: Simple Loan, which lets the bankвЂ™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 banking institutions getting back in a company they backed away from years back. For customers, it may suggest another solution for their cash-flow plights.