Worker crisis loans might be offered because of the Broward County class Board, Leon and Seminole counties
Concerned with predatory lenders, Broward County officials stated they are going to think about employees that are offering loans with reduced interest levels. Commissioners consented to look for bids from financial institutions whom might choose to form teams with Broward County, offering crisis loans all the way to $5,000 to workers, including people that have woeful credit reviews.
The county employs a lot more than 5,000 individuals, and union leader Dan Reynolds associated with Federation of Public Employees asked for a financial loan system couple of years ago, talking about some loan providers as “vultures.” Individuals who live paycheck to paycheck really should not be taken advantageous asset of simply because past monetary challenges, quick product product sales, divorces or medical issues have gone all of them with blemished credit,” he had written in a page to County Administrator Bertha Henry. (more…)