Broward County officials stated they will think about providing workers emergency loans with reduced rates of interest
Worried about predatory lenders, Broward County officials stated they are going to start thinking about providing workers crisis loans with reduced interest levels.
Commissioners consented to look for bids from loan providers whom may want to form teams with Broward County, providing crisis loans as high as $5,000 to workers, including people that have woeful credit ranks.
The county https://title-max.com/payday-loans-tn/ employs significantly more than 5,000 individuals, and union frontrunner Dan Reynolds associated with Federation of Public Employees asked for the loan system couple of years 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 economic challenges, quick product product sales, divorces or medical dilemmas have gone all of them with blemished credit,” he penned in a page to County Administrator Bertha Henry. Read more