Ever since then, the tactile Hand Up loan program has aided a lot more than 80 people secure a lot more than $130,000 in reduced interest rate loans.
A large number of brand new beginnings have already been funded by faith.“I became on medications. I became on alcohol,” stated Clydell Hall. “Now I have actually my very own house. I have two automobiles, two jobs.” Among those working jobs has reached Highland Center Ministries. It’s where Hall discovered assistance as he desperately required it.
He had been a veteran that is homeless needed a vehicle to make the journey to college and work. He had been in a position to get a $2,500 loan through the Hand Up Loan Program.
“ everything we do is come together to deliver good, effective options, where they could be taking part in something which will probably build their credit and build their everyday lives,” said John Henson, [...]
Councilman Juan Chadis thinks lenders that are short-term preying on Lubbock’s many vulnerable residents, so he’s gearing up to introduce an ordinance geared towards managing the industry in Lubbock.
Chadis is hoping Lubbock joins the almost 40 metropolitan areas throughout the state that curently have a ordinance that is standardized decrease the “abusive and predatory financing techniques” of short-term lenders referred to as payday or car name loan providers.
