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TRE Financial solutions Launches TurboCash; replacement for payday advances for Credit Unions and users

TRE Financial solutions Launches TurboCash; replacement for payday advances for Credit Unions and users

HOUSTON–( COMPANY WIRE )–TRE Financial solutions Inc. (TRE), a high provider of taxation pc computer pc software and filing that is electronic in the expert income tax preparer and credit union surroundings, today announced the option of TurboCash, a short-term financing solution built to provide credit unions an aggressive benefit into the short-term loan market, along with a chance to protect their people through the escalating financial obligation trap of retail payday advances.

TurboCash uses a successful software platform for fast loan processing and monitoring, may be quickly incorporated into a credit union’s profile of user solutions, and supports the initial charter for the Federal Credit Union Act to produce credit available and thrift that is promote a nationwide system of nonprofit, cooperative credit unions.

During the last fifteen years, short-term short term loans, categorised as “payday loans” since they are paid back on payday, have grown to be a $ industry that is 50-billion-a-year with over 10,000 cash advance outlets for the united states of america. Customers most often make use of loans that are payday prevent the high charges connected with bouncing checks or pawnshops.

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