Broward may offer crisis pay day loans to workers. Worried about predatory lenders, Broward County officials stated they are going to think about employees that are offering loans with reduced rates of interest
Concerned with predatory lenders, Broward County officials stated they will start thinking about employees that are offering loans with reduced interest levels.
Commissioners decided to look for bids from creditors whom may want to form teams with Broward County, providing crisis loans all the way to $5,000 to workers, including people that have dismal credit reviews.
The county employs a lot more than 5,000 individuals, and union frontrunner Dan Reynolds associated with the Federation of Public Employees asked for the loan system 2 yrs ago, talking about some loan providers as “vultures.”