Let me make it clear about PAYDAY ADVANCES PRESENTATION

At Tuesday’s work session, the Fort Worth City Council received a synopsis of problems linked to payday and auto title financing. Problems had been outlined plus the Texas Municipal Leagues model ordinance ended up being talked about throughout a presentation from preparing and developing Director Randle Harwood and Melinda Ramos through the town attorney’s workplace.

An online payday loan, often known as a “cash advance” or “check loan,” is a short-term loan, generally speaking for $500 or less, this is certainly typically due from the borrower’s next payday.

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