Welcome to the Information HUB For: Safe, Affordable, Low-Cost Loans
Have an innovative product? We want to hear about it!
About Us
The old system of high-cost payday and auto-title lending is not working for communities. While policies are changing in some regions, new alternatives exist and cannot come soon enough - offering savings and hope to those with real credit needs.
What is a Safe and Affordable Loan?
CFSLA is not a lender and does not endorse specific products. Following the research and guidance of those in the field, characteristics for safe, affordable, and low-cost loans consistent of:
- No balloon payments
- Longer, fairer terms than 2 weeks / 1 month terms
- Easy to understand, all-inclusive APR (including application fees)
- Underwriting with an ability to repay principle
- Not relying on a post-dated check or auto-title as collateral
- Reporting positive repayments to credit bureaus
What do we do?
The CFSLA provides webinars, technical assistance, and information to help nonprofits and community stakeholders evaluate loan possibilities.
We are an ad-hoc hub, a network of nonprofits, community members, financial institutions, and fintech companies committed to real loan and empowerment solutions. Every community member working toward building better financial solutions is welcome to participate. It costs nothing to be a member and there is no cost to receive technical assistance.
What are We Reading? See the Latest on Small Dollar Lending
Pew Charitable Trusts Consumer Finance Project (Federal and State Payday Lending Research)
What have we been up to? Glad you asked!
An editorial we wrote as Ohio reformed their loan laws: Payday Loans and their Red Herring
Subscribe!
Sign up to hear from us. We never share email information.
Contact Us
Have an idea for a webinar? Know a community looking for advice on how to enact loan programs? That'
Send us a message and we will respond ASAP.
Washington, District of Columbia, United States
Copyright © 2020 The Coalition for Safe Loan Alternatives - All Rights Reserved.
Powered by GoDaddy Website Builder