Pitfalls — and defenses — for Payday and Auto-title Loans
At the same time which will feel just like a bleak confluence of a general public wellness crisis and financial uncertainty – as COVID instances and jobless prices continue steadily to increase – it’s important to know the dangers of small-dollar payday and auto-title loans.
“These loans look like they may be very easy to be in and away from, and they will help you in a pinch, but understand that many people do not succeed, ” stated Tim Morstad, whom leads advocacy work with customer and economic dilemmas for AARP Texas.
In a Facebook real time conversation with Jessica Lemann, AARP Texas’ associate state manager, Morstad outlined the dangerous pitfalls of payday lending and talked about current town laws to guard customers. Read more