Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
'Overwhelming' interest in new alternative to payday loans
Posted: Jan 07, 2017 5:30 AM ET
Organizers of a new program helping people get off the payday loan cycle of debt have been inundated with applications from Ottawa residents.
"It was quite overwhelming," said Doug Pawson, with the Causeway Work Centre, a non-profit community group in Ottawa..
"We received a lot of inquiries and it's been challenging to figure out who could we serve and who we can't."
The Causeway Work Centre launched the new program in November, working with three credit unions in Ottawa to create a $100,000 fund, offering up small loans at low interest so people can avoid payday loans, or pay off their current debt.
...
"It was quite overwhelming," said Doug Pawson, with the Causeway Work Centre, a non-profit community group in Ottawa..
"We received a lot of inquiries and it's been challenging to figure out who could we serve and who we can't."
The Causeway Work Centre launched the new program in November, working with three credit unions in Ottawa to create a $100,000 fund, offering up small loans at low interest so people can avoid payday loans, or pay off their current debt.
...
http://www.cbc.ca/news/canada/ottawa/causeway-financial-fund-alternative-payday-loans-1.3925469?cmp=rss
'Bout time!