What: Payday Loans 101 presentation
Where: Blue Earth County Library, Mankato
When: Saturday, May 14
Time: 10:30 a.m.
The Blue Earth County Library System (BECLS) is proud to partner with Mankato Refugee Services, Minnesotans for Fair Lending, and Exodus Lending for an upcoming presentation, “Payday Loans 101.”
Registration is not required to attend.
Payday loans are small-dollar, high-interest loans that require full payback within a short period of time. By design, these payday loans trap consumers in a downward spiral of debt. Blue Earth County has the third highest rates of payday loans per capita in Minnesota. “Payday Loans 101” will provide information about what payday loans are, what problems they cause, and how they can be addressed. Participants are invited to come ready with questions and learn about how to protect our community from these loans.