▲ 1 r/FedEmployees
Federal & US Post Office Employee Allotment Loans
Payday Loans vs Allotment Loans?
A federal worker borrows $1,000.
Payday Loan Option A: $900 in fees in 12 weeks. Still owes the $1,000.
Allotment Loan Option B: Roughly $1,100 to $1,550 total over 12 months. Loan ends. Done.
Same person. Same $1,000. Different product. Most federal employees never learn they have Option B.
u/Educational-Fan5594 — 7 days ago