Quantcast
breaking news

Social Services Want Pay Day Lenders Out of Their Town

Updated: February 8, 2007
watch video
LoansDECATUR- Local social services in Decatur are banning together to rid their town of pay day lenders.
    They are everywhere this time of year, signs promising fast cash.  Now a group of social services and church leaders are fighting to limit the number of pay day loan facilities in the city. They feel the loans offer ridiculous percentage rates and are pushing the poor into even deeper financial trouble.
    The director of the Good Samaritan Inn, a Decatur food pantry, says "Whenever a city or an area is economically in a downslide these groups keep popping up because it's a way for people who are hurting to have quick cash and not go through the credit checks."
    Decatur's Chamber of Commerce says the lenders do bring business and are necessary so that emergency funds are available to those in the community. The president of the chamber, Randy Prince, adds that he hopes the lenders are used as a last resort and not abused.
     The Social Service agencies involved in this fight are still in the early stages but they say they do have the support of Representative Bob Flider. They hope to get the word out and take this to the state level.
    The first of what the group hopes is many meetings will be held tonight at the Central Christian church. They are also encouraging teens to learn about these businesses while they are still learning how to handle money.


Comments

Readers Feel...

hello
Related Content

CHARLESTON -- Police arrested a man and a teen for sexual assault....

URBANA -- As an unexpected twist during an emotional city council meeting, the city's comptroller announced his immediate retirement....

Update: 11:54 pm     URBANA -- Council members decided to designate one of two homes as a historic landmark....

Update: 10:07 am, 6/16/13, Sunday    DECATUR -- Police say an arrest has been made involving a hit-and-run which killed a toddler....

DECATUR -- A man accused of driving off after hitting a toddler was in court Monday....

BLOOMINGTON -- An area native turned Hollywood actor returned home for a project putting his hometown in the spotlight....

CHARLESTON -- No criminal charges will be filed in connection with a reported sexual assault....

DECATUR -- City council members agreed to a plan designed to save the city more than $20 million, but it will cost $17 million to put into action....

SPRINGFIELD -- The state has gone back to the U.S. Supreme Court, asking for more time on concealed-carry....

HUMBOLDT -- A woman lost her husband in a tragic accident, but a decision he made years ago is helping him and a family friend live on....

 
More From WCIA News
Start
      Page 1 of 4720
 
Connect with ciLiving

 
 
 
©1998 - 2013 Illinoishomepage.net
Nexstar Broadcasting, Inc.
All Rights Reserved