Press Announcements

Press Announcements

West End unveils statewide loan program that is low-interest

Wilmington, July 16, 2009 – West End Neighborhood home, Inc., announced the statewide expansion of their extremely effective low-interest loan program – now called Loans Plus. The program helps Delawareans break free from the period of predatory financing called payday financing. Besides the statement for the expansion, Gov. Jack Markell finalized Senate Bill 108 at West End, which imposes tougher criteria from the payday financing industry. Income raised using this bill will directly fund programs such as for instance Loans Plus that promote safe financing and literacy that is financial training.

Utilizing the sponsorship of Barclays Bank, FHL Bank of Pittsburgh, ING, TD Bank, United means of Delaware and Wilmington Trust, along with the partnerships of Catholic Charities while the YWCA, Loans Plus is anticipated to aid 1000s of low-to moderate-income working Delawareans secure low-interest, same-day money loans while understanding how to make good monetary alternatives.

“West End has helped a huge selection of individuals attain economic stability and end payday financing debt,” stated Barbara Reed, Director of this Housing and Financial Management Program at West End. Continuar a ler “Press Announcements”