Small-loan areas serving clients with really credit that is low are competitive on numerous elements, but most of the time maybe not on cost 13 —because those searching for this credit come in monetary stress and concentrate primarily on rate, odds of approval, and ease of application. 14 to achieve this market, any bank or credit union system needs to be competitive on these features that are essential. Then they could leverage their strong competitive advantage by being able to offer loans profitably at much lower prices if banks and credit unions can achieve that. Continue reading