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MEMPHIS, Tenn. – Tens of millions of people continue to struggle as the pandemic spreads and many of them are among the millions of Americans who are turning to payday advances to try to make ends meet. They offer quick cash, but their easy access traps debtors in a cycle that some cannot escape. MORE: …

How does an alternative payday loan work? Alternative payday loans (PAL) are low value loans offered by federal credit unions. PALs are permitted by the National Credit Union Administration as long as certain guidelines are followed. First and foremost, you must be a member of the credit union and you must have been a member …