These Hotlines Help You Avoid Payday Loans
Three cheers for Oregon Governor Kulongoski who recently announced a new consumer campaign — including a 1-800 hotline and web site — promoting payday loan alternatives and encouraging working Oregonians to avoid these high-interest loans. These new tools are expected to help people realize that there are better alternatives for consumers than payday loans charging up to 500 percent interest. Salem-news.com reports:
By calling 1-800-SAFENET or visiting www.211info.org, consumers can find information about payday loan products offered by Oregon credit unions with significantly lower interest rates and fees. The website and 1-800 number can match consumers with credit unions they are eligible to join that offer the payday loan alternatives.
Read more: Oregon Introduces Hotline And Website Promoting Payday Loan Alternative