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Concerned about predatory lenders, Broward region officials said they are going to think about offer staff members crisis loans with decreased rates.
Commissioners consented to seek bids from creditors just who may want to team up with Broward region, offer disaster financing all the way to $5,000 to workers, like those with dismal credit reviews.
The district employs more than 5,000 people, and union frontrunner Dan Reynolds associated with the Federation of Public workers requested financing program 2 yrs before, referring to some loan providers as “vultures.”
“individuals who living income to paycheck shouldn’t be taken advantage of even though earlier economic difficulties, brief deals, divorces or healthcare troubles have remaining these with blemished credit score rating,” he published in a letter to district officer Bertha Henry.
Staff disaster debts might be offered of the Broward region School panel, Leon and Seminole counties, the cities of Fort Lauderdale and Dania Beach, along with other government and nonprofit employers in Fl. A third-party vendor provides the mortgage, and it is reimbursed from the personnel.