Monday, December 13, 2010

How to Avoid a Not So Merry Christmas

Recently, CitySquare's public awareness efforts have focused on predatory lending practices of payday loan companies, car title loan and other short term loan businesses that charge exorbitant fees and interests to customers desperate for cash.

The Center for Responsible Lending has produced this video to warn consumers about the dangers of falling prey to the temptation of financing one's Christmas by taking out one of these loans. It may seem simple and the airwaves are full of ads this time of year, enticing people to take advantage of a 'quick and easy' solution to an immediate problem. The end result can be a cycle of debt that is neither quick, easy or short term.

Make an informed decision! You can find helpful information here. Have a Merry Christmas by avoiding this holiday disaster...

No comments: