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United Method, TWU focus on desire to combat pay day loan providers

Next years, Denton could have an area this is certainly residential that is lending counteract payday and name financial institutions in the city.

The United way of Denton County respected the potential risks of payday loan — little loans and that can be reimbursed for a borrower’s payday that is next high rates of interest. Organization leaders had discussed creating a domestic area center that is lending residents may get short-term loans at a lowered interest, but didn’t determine if it absolutely was viable.

A few weeks, stated Gary Henderson, president and CEO of this United means of Denton County because of a course at Texas WomanРІР‚в„ўs University that carried out an instance research in the center that is proposed United Method may move ahead utilizing the project, on the basis of the reaction from the board of directors.

“It’s this sort of win-win,” he stated when it comes to collaboration. Continue reading