Non-profit hosts phone bank to help those who depend on payday loans
Posted: 06/30/2010
PHOENIX - Wednesday is the last day for payday loans in Arizona.
Considering interest rates exceeding 400 percent, this may sound like a good thing.
But for the thousands of people who depend on them, what will be a good thing in the long run is sending them into a panic right now. Many are stuck in the lending cycle and turn to these loans each month to stay afloat.
Wednesday from 6am – 5pm the Non-profit group Take Charge America is hosting a phone bank to assist people in the transition. Certified credit counselors will be available to answer questions. Call (866) 750 9630 if you need help.
Copyright 2010 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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