A Strong Case for Financial Freedom


Do you have have $500 or more in bank savings? If so, you’re in the minority. Nearly 6 in 10 Americans don’t have enough savings to cover a $500 emergency or unexpected bill, according to a 2017 survey from Bankrate.com. In Arizona, more than 1 in 4 adults either have no access whatsoever to a traditional bank or have a savings account but still make use of alternative financial products such as check-cashing or auto-title lending, according to a 2015 report from the FDIC and U.S. Census Bureau.

For these Arizonans, any unexpected expense can spell financial ruin, and often drive borrowers to costlier, riskier alternatives. That’s why a well-regulated system of short-term, small-dollar loans is needed.