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ONGOING CAMPAIGNS

LETTER: End predatory payday financing. That cash might have been invested in regional communities, but rather went along to lining the pouches of loan providers.

As lawmakers right right here in Aurora, we think it is very important to our neighbors to comprehend the effect for this vote and practice yes on Proposition 111.

Could you spend $293 in interest on a short-term $500 loan? Do you believe having to pay 129 % APR appears reasonable? That’s precisely what takes place with many of our Aurora next-door next-door neighbors if they borrow cash from out-of-state payday lenders.

Here’s how it operates: Out-of-state payday lenders are targeting hardworking Aurora residents with claims of quick money, however these lenders are actually making them caught with debt. (more…)

LETTER: End predatory payday financing. That cash might have been invested in regional communities, but rather went along to lining the pouches of loan providers.

As lawmakers right right here in Aurora, we think it is very important to our neighbors to comprehend the effect for this vote and practice yes on Proposition 111.

Could you spend $293 in interest on a short-term $500 loan? Do you believe having to pay 129 % APR appears reasonable? That’s precisely what takes place with many of our Aurora next-door next-door neighbors if they borrow cash from out-of-state payday lenders.

Here’s how it operates: Out-of-state payday lenders are targeting hardworking Aurora residents with claims of quick money, however these lenders are actually making them caught with debt. (more…)