What are the qualifications for a Payday Alternative Loan (PAL)?
To qualify for a PAL, you must:
- Be a Veridian member in good standing.
- Directly deposit your paycheck into a Veridian account.
- Provide proof of income, such as a pay stub or account statement.
- Have not taken out a PAL in the last six months.
A $25 application fee is included in repayment, and payments on the loan must be made every payday. Other qualifications may apply.
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