ARLINGTON, Va. — The Orlando Sentinel ran an article today featuring a victim of payday advance rollovers who could not get out from under the burden until his credit union stepped in.
After just four months, Vincent Fulginiti was able to pay off the personal loan he took out from his credit union and has bumped his credit score up by more than 100 points. According to the paper, he also secured a small business loan from Kennedy Space Center Federal Credit Union for his fencing business.
"We've always provided a better option, but now we're just trying to raise the visibility of what we're doing," NAFCU President/CEO Fred R. Becker Jr., was quoted as saying. "Obviously, however, we have less marketing money than a multimillion-dollar, publicly traded payday-lending company."
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