Nonprofits, Waco form teams on cheaper options to pay day loans

Nonprofits, Waco form teams on cheaper options to pay day loans Ace money Express at 1105 W. Waco Drive is certainly one of 36 comparable businesses in greater Waco. The town into the final ten years has seen a proliferation of loan providers that provide high-interest loans supported by a paycheck or a vehicle name. An Ace money Express store on Valley Mills Drive is regarded as 36 companies that are similar greater Waco. The town into the final ten…

Moorhead officials explore alternatives to payday lending

Moorhead officials explore alternatives to payday lending MOORHEAD-City and state officials collected here Monday, June 4, to talk about approaches to assist Moorhead residents avoid what one organization that is nonprofit the “debt trap” of pay day loans. Exodus Lending, which helped arrange Monday’s meeting, claims numerous residents in your community whom remove pay day loans face fees and rates of interest upward of 200 % once they become stuck in a period of financial obligation marked by constant renewal…