RedDough Money Center provides an affordable payday loan alternative, check cashing, and other banking services. We have created a solution that is revolutionizing the marketplace: a non-profit Alternative Financial Services provider whose mission is to give back to the communities in which it operates.
Combatting predatory lending is our primary focus. We have created a product called the Helping Hand Loan™, an installment loan for up to $1,000 that helps consumers break the payday loan cycle. It features a maximum 12-month repayment term and limits monthly payments to no more than 5% of the borrower’s monthly gross income. This combination of a lower rate, longer term, and smaller payment eliminates the need for countless rollovers, which is the primary reason why payday loans have become so predatory in nature.