Moorhead officials explore alternatives to lending that is payday

Moorhead officials explore alternatives to lending that is payday

MOORHEAD-City and state officials collected right here Monday, June 4, to go over how 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 conference, claims numerous residents in the area whom remove pay day loans face fees and interest levels upward of 200 per cent once they become stuck in a period of financial obligation marked by constant renewal of loans plus the investing of great interest and costs on an ongoing foundation. Continue reading “Moorhead officials explore alternatives to lending that is payday”