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West End unveils statewide low-interest loan system

West End unveils statewide low-interest loan system

For Immediate Launch: July 16, 2009 Contact: Molly Keresztury Day Mobile: (302) 658-4171 Night Mobile: (304) 282-7932 E-mail:

United means of Delaware, Wilmington Trust, Catholic Charities plus the YWCA partnership produces “Loans Plus”

Wilmington, July 16, 2009 – West End Neighborhood home, Inc., announced the statewide expansion of their extremely effective loan that is low-interest – now called Loans Plus. The program helps Delawareans get rid through the period of predatory financing referred to as payday financing. Besides the statement regarding the expansion, Gov. Jack Markell finalized Senate Bill 108 at West End, which imposes tougher criteria in the payday financing industry. Income raised using this bill will directly fund programs such as for instance Loans Plus that promote safe lending and economic literacy and training.

Aided by the sponsorship of Barclays Bank, FHL Bank of Pittsburgh, ING, TD Bank, United method of Delaware and Wilmington Trust, along with the partnerships of Catholic Charities and also the YWCA, Loans Plus is anticipated to assist 1000s of low-to moderate-income working Delawareans secure low-interest, same-day money loans while learning how to make good economic alternatives.

“West End has helped a huge selection of individuals attain monetary stability and end payday financing debt,” stated Barbara Reed, Director associated with Housing and Financial Management Program at West End. Continue reading West End unveils statewide low-interest loan system