BetterFi is the only answer to predatory triple-digit-APR loans.

In Tennessee where BetterFi operates, predatory loans can carry effective annual interest and fee rates as high as 460%. On a typical predatory $4,000 flex loan, a person can pay $931 per month and not pay it down a single cent.

BetterFi is pioneering and growing a 501(c)(3) nonprofit lender model that enables people to refinance their way out of the payday loan debt trap, build credit, and improve financial fitness.

A BetterFi client who borrowed $4,000 would pay about $811 in interest over the course of a whole year and pay their loan down to $0 – compared to the predatory flex loan borrower who could pay $11,180 in interest and fees and still owe the full $4,000.

We are beginning to produce and share content about the real cost of predatory loans and our model to #ENDPREDATORYLENDING, so we are running this giveaway over two weeks: follow us and help build awareness about BetterFi and the real cost of predatory lending to get entries for a chance to win a 1st Edition ModRetro Chromatic game system in “Wave” (blue).