If you’re interested in hearing more and being heard on San Francisco’s new PayDayPlus SF loan, or just near Capp Street this Thursday, the New America Foundation is holding a community conversation about said loan. The conversation is called Springing the Debt Trap, and in attendance will be, among other local financial notables, our City Treasurer, José Cisneros.
From the website:
Sold to consumers as short-term relief during a cash crunch, pay day loans carry interest rates of over 400 percent and catch working people with a steady source of income in a long-term debt trap.
On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching PayDayPlus SF, a low cost emergency loan available to City residents at 13 locations.
Weigh in at the Mission Neighborhood Center, 320 Capp St.
[...] But wait, help might be on the way. On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching Payday Plus SF, a low cost emergency loan available to City residents at 13 locations. (Thanks for the heads up Mission Mission) [...]
[...] Pero espere un momento, puede que haya ayuda en camino. El 17 de diciembre a las 11:30am, los prestamistas de la ciudad de San Francisco en asociación con los sindicatos locales de crédito ayudarán a aliviar la monserga que hay en los hombros de la gente trabajadora de San Francisco y lanzarán Payday Plus SF, un préstamo de emergencia a bajo costo disponible a los residentes de la ciudad en 13 lugares. (Gracias por el tip a Mission Mission) [...]