New Causeway Community Financial Fund has started approving low-interest loans to help end period of debt
Organizers of a program that is new people get from the cash advance cycle of financial obligation have already been inundated with applications from Ottawa residents.
“It had been quite overwhelming,” stated Doug Pawson, with all the Causeway Perform Centre, a non-profit community team in Ottawa..
“We received lots of inquiries and it is been challenging to work out who could we serve and who we can not.”
The Causeway Perform Centre launched the new system in November, working together with three credit unions in Ottawa to generate a $100,000 investment, providing up little loans at low interest rate so people can avoid pay day loans, or pay back their present debt. Continue reading “‘Overwhelming’ desire for new option to payday advances”