Have you taken out a payday loan?
Did it hurt more than it helped?
(Share your story below)
You are not alone.
Last year consumers in Washington State paid $173 million dollars in fees to payday lenders (including MoneyTree, Advance America, Check ‘n Go, etc).
A ‘typical’ payday loan has an annual interest rate around 400%! High interest rates coupled with short payback times and high fees trap people into cycles of debt.
16 other states have enacted laws to help protect payday borrowers. Isn’t it time for our state to demand fair and reasonable consumer protections on payday loans?
Join other payday loan borrowers fighting for FAIR LENDING!
Ways that you can participate:
- Volunteer to help move the campaign forward
- Recruit 5 friends to get involved
- Share your personal story about predatory payday lending or gather stories from others
Sharing your story is the single most powerful way to make a change and can convince lawmakers that it is time for us to get a better deal.
SEIU Healthcare 775NW and the The Alliance to Prevent Predatory Lending (APPL) are collecting personal stories of people hurt by payday lenders to educate the public and lawmakers about the real life financial challenges people face in Washington State