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Broward can offer crisis pay time loans to employees

Broward can offer crisis pay time loans to employees

Broward can offer crisis pay loans to workers day

Focused on predatory lenders, Broward County officials stated they will consider providing employees crisis loans with minimal interest rates.

Commissioners consented to take into consideration bids from banking institutions who might want to form groups with Broward County, supplying crisis loans up to $5,000 to employees, including somebody that has poor credit ranks.

The county employs more than 5,000 individuals, and union leader Dan Reynolds with this Federation of Public Employees asked when it comes to loan system year or two ago, speaing frankly about some financial institutions as “vultures.”

“those who reside paycheck to paycheck won’t be taken benefit of mainly because past challenges which are monetary product that is brief, divorces or medical problems have actually staying these with blemished credit,” he penned in a typical page to County Administrator Bertha Henry.