The League – Fostering Financial Wellbeing for All

Making an Exception

stories_t_madison credit union

A younger member with a good job and good payback history was stuck in a payday loan cycle and had medical debt that she could not afford. We made an exception and gave her a large signature loan to pay off the payday loan and debts. She set up sub-accounts to allocate part of each paycheck to rent, savings, etc. Now she has an improved credit score, makes loan payments on time, and has built up her savings account!