Yesterday, the lead in the Nashville City Paper was a story talking about local predatory lender Advance Financial. The paper spent several pages discussing how Advance Financial has become a one stop shop to prey on Tennesseans in need of financial assistance. In addition to their 250%+ APR title loans, you can see their fees for payday advances here. The company boasts about the jobs they've created locally but neglect to mention the thousands and thousands who have been trapped in a cycle of debt due to the usurious fees charged by Advance Financial.
We encourage our supporters to find out more through the Coalition for Responsible Lending in Tennessee by contacting Carol McCullough at cmccullough@tnrc.net.
We also urge you to comment on the City Paper article by clicking on the link above and scrolling to the bottom.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment