Our Products

Consumer Loans

People Trust is pleased to offer our clients a Consumer Loans.  The Consumer Loan is a loan that can be used for many purposes. A Consumer Loan is an unsecured personal loan. It's not secured by the equity in your home (such as in a home equity loan) or by some other personal property or asset (such as a car loan). 

Consumers typically use a our Consumer Loan for purposes such as:

Car Repairs
Unexpected expenses

Generally, our Consumer Loan offers the following:

Loan Amounts up to $250.00 

Understand the Terms
Generally speaking, our Consumer Loans are unsecured, meaning they do not have collateral attached. Because of that, these loans will be can be more  difficult to obtain through traditional lending sources.

It is very important for you to know and understand all the terms and conditions of the Consumer Loan before signing the promissory note that legally obligates you to repay the debt. If you do not understand any of the terms or conditions, you should clarify what they mean with the People Trust to ensure you are clear on the repayment terms. All information about the loan should be disclosed in writing and loan documents should not contain any blank spaces.

Getting Approved

Consumer loans may be taken out individually. If the  borrower fails to make regular payments, the borrower could receive collection calls or letters. If collection efforts do not yield payments, lawsuits, credit damage, and garnishments could result. If you choose to obtain a Consumer Loan, make certain you are able to make all the regular monthly payments.

Make sure you could feasibly afford to make the monthly payment.. Thus, if you cannot afford to make the monthly payment, it might not be a wise decision to get the loan. Finally, you should always keep a copy of the loan agreement and promissory note for your reference and records. 

Do you need a Consumer Loan?

If you would like to apply for a loan, fill out the application by following the link below.  The loan approval process will take 24 - 72 hours to complete.

Financial Education

Demystifying Financial Education

Financial Education is one of the most important things that a person can ever earn.  Somehow, in schools, it isn't taught anymore, but People Trust is stands in the gap to give our customers the value of that type of literacy. Credit and debt management knowledge is important and necessary in order to navigate in a world that increasingly depends on it. Debt management and the knowledge that is necessary to make financially responsible decisions – decisions that are integral to our everyday lives. Financial education includes understanding  what using a credit card really means, how a checking account works,  and how to avoid debt. Financial education impacts the daily issues an average family makes when trying to balance a budget, buy a home, and try to fund your children’s education and ensure an income at retirement.

A lack of financial education is not a problem that only plagues those that are unbanked or underbanked, it can also plague well educated people who haven't had the time nor inclination to gain it.

The level of financial literacy varies according to education and income levels, but evidence shows that highly educated consumers with high incomes can be just as ignorant about financial issues as less-educated, lower-income consumers (though in general, the later do tend to be less financially literate). And it seems consumers are hesitant to learn. 

While it may not always be what we want to learn, People Trust is committed to educating the consumers who have a desire to learn. 

Learn More

If you would like to enroll in our financial literacy classes, please follow the link below.