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Dallas, TX

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Age Suitability None Specified
Category Religion

Predatory Lending 101: Protecting Your Community

Thursday, Sep 12, 2013 7:00p

Predatory lending is a big problem across North Texas. In recent years, the number of auto title and payday lending locations has exploded.
These loans create a treadmill of debt. Few borrowers can repay the loan in full, plus interest, and pay for other monthly expenses. Thus, borrowers must to re-borrow, or "rollover," the loan in order to fill the gap in their budget created by their loan. None of the rollover payments apply towards the loan principal, so the cost to borrow the money frequently
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