Let me make it clear about ABQ, BernCo boost option to pay day loans

December 29, 2020 No comments yet

Let me make it clear about ABQ, BernCo boost option to pay day loans

A huge selection of town of Albuquerque workers have borrowed significantly more than $600,000 via a program that is new as an option to pay day loans – one the town helps promote and administer.

California-based Employee Loan Systems offered 316 of their “TrueConnect” short-term loans to Albuquerque’s municipal employees underneath the auspices of a 2018 contract using the town. The loans feature a 24.99% interest rate additionally the town immediately deducts loan payments – made over year – from employees’ paychecks.

TrueConnect provides “an selection for workers that are going or having by way of a difficulty or come in a crisis situation that actually leaves them in serious straits,” said Patricia Martinez, deputy manager of Albuquerque’s Human Resources Department.

Continue Reading


Find Me On

 Subscribe in a RSS reader

Enter your email address:

Delivered by FeedBurner

Categories