Concerned with predatory lenders, Broward County officials stated they will give consideration to providing workers crisis loans with reduced interest levels.
Commissioners decided to look for bids from creditors whom may want to form teams with Broward County, providing crisis loans as much as $5 influential link,000 to workers, including people that have dismal credit reviews.
The county employs a lot more than 5,000 individuals, and union leader Dan Reynolds of this Federation of Public Employees asked for a financial loan system 2 yrs ago, talking about some loan providers as “vultures.”
“those who reside paycheck to paycheck really should not be taken advantageous asset of simply because previous monetary challenges, quick product sales, divorces or medical issues have gone all of them with blemished credit,” he had written in a page to County Administrator Bertha Henry. Continue reading “Broward may offer crisis loans that are payday workers”