‘Overwhelming’ fascination with new option to payday advances

‘Overwhelming’ fascination with new option to payday advances

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New Causeway Community Financial Fund has begun approving low-interest loans to help end period of financial obligation

Organizers of a brand new system assisting people get from the cash advance cycle of financial obligation have now been overwhelmed with applications from Ottawa residents.

“It had been quite overwhelming,” stated Doug Pawson, using the Causeway Work Centre, a non-profit community team in Ottawa..

“We received plenty of inquiries and it is been challenging to evaluate who could we provide and whom we cannot.”

The Causeway Perform Centre launched the program that is new November, working together with three credit unions in Ottawa to generate a $100,000 fund, providing up little loans at low interest rate so individuals can avoid pay day loans, or pay back their present financial obligation.… Read More...

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