If you’re interested in hearing more and being heard on San Francisco’s new PayDayPlus SF loan, or just near Capp Street this Thursday, the New America Foundation is holding a community conversation about said loan. The conversation is called Springing the Debt Trap, and in attendance will be, among other local financial notables, our City Treasurer, José Cisneros.
From the website:
Sold to consumers as short-term relief during a cash crunch, pay day loans carry interest rates of over 400 percent and catch working people with a steady source of income in a long-term debt trap.
On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching PayDayPlus SF, a low cost emergency loan available to City residents at 13 locations.
Weigh in at the Mission Neighborhood Center, 320 Capp St.