The two cash advance or short-term customer loan providers in Moorhead could be facing added restrictions as time goes on.

By |December 1st, 2020|

The two cash advance or short-term customer loan providers in Moorhead could be facing added restrictions as time goes on. Moorhead City Council user Heidi Durand, whom labored on the problem for decades, is leading the time and effort once the council considers adopting a city that is new capping interest levels at 33% and restricting how many loans to two each year. In a general public hearing on Monday, Sept. 14, council users indicated help and offered remarks on available alternatives for everyone in a financial meltdown or those who work in need of these loans. Council user Chuck Hendrickson stated he believes options should be supplied if such loans are not any longer available. He urged speaks with finance institutions about methods people that have no credit or dismal credit could secure funds. Durand stated this type of town legislation is the start of assisting those who work in monetary straits, and nonprofits, churches or Moorhead Public provider could offer options to also assist residents settle payments. […]