United Method, TWU focus on want to combat payday lenders

United Method, TWU focus on want to combat payday lenders

Within the next couple of years, Denton might have a community center that is lending counteract payday and name loan providers into the town payday loans Oregon.

The United means of Denton County recognized the problems of pay day loans — tiny loans which can be repaid on a borrower’s next payday with high rates of interest. Organization leaders had discussed creating a residential area lending center where residents could easily get short-term loans at a lower interest, but didn’t determine if it absolutely was viable.

By way of a course at Texas Woman’s University that carried out an instance study in the proposed center, United Method may move ahead because of the task, in line with the reaction from the board of directors in a few days, stated Gary Henderson, president and CEO for the United method of Denton County. […]

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