Lewisville eyes community loan center concept as cash advance alternative

Lewisville eyes community loan center concept as cash advance alternative

The Lewisville City Council heard a presentation in workshop session Monday that is last night the proposition for making a Community Loan Center (CLC). A CLC would form teams employers when you look at the town by having a non-profit company to offer lower-interest loans as much as $1,000, reimbursed via payroll deductions.

The council has looked over managing the lending industry that is payday. Nevertheless when they asked for options before continuing into legislation, Assistant City Manager Claire Swann placed the CLC concept as an option to payday lending that wouldn’t normally price the town such a thing to get going. Continue reading “Lewisville eyes community loan center concept as cash advance alternative”