2.06.2008

The Only Payday Loan Shop in the City of Williamsburg
Doesn't Play Fair When It
Comes to Lending

Join us for a Demonstration on
Monday, February 11th
Noon to 1 p.m.
March, Speak to the Press, then Peacefully Disperse
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Meet at the UC bus stop for the 11:54 bus to the Bloom shopping center (one mile from campus), and plan to return in time for your 1 o’clock classes!
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Raise Your Voice for
Fair Credit Options,
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Not Debt Traps!
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*Organized through the Virginia Organizing Project. For more information, visit http://virginia-organizing.org/. W&M IJM is joining this effort to promote the interests of the abused and impoverished residents of the Williamsburg community and the state of Virginia on the whole.
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For more information, please contact Nik Belanger at njbela@wm.edu (students) or Ben Thacker-Gwaltney at 757-570-3005 (community members).

1 comment:

Anonymous said...

Put ceilings on rates for lenders and see what happens. I would wager they would simply stop loaning money to these people.

Does that really make them better off?


There are reasons rates are so high on these loans: the risk is remarkably high as is the default rate. It's irrational to lend your money to someone with a high risk of not paying it back without some kind of compensation for it.