PROVIDENCE â You have probably received e-mails telling you that $1,000 or more is available to you today by making a phone call or clicking an Internet link. If you live in a low-income neighborhood, there may be a storefront nearby where similar âshort-termâ loans are offered.
So-called âpayday lendersâ offer you quick cash for emergencies or to help you make ends meet until your next paycheck. But that money comes at a high price.
WOONSOCKET â U.S. Senator Jack Reed, D-RI, paid a visit to Family Resources Community Actionâs 55 Main St. Employment Center Tuesday to call attention to its work and the potential impact of federal budget cuts locally.
Reed toured the Centerâs youth and adult job training classrooms and spoke with Family Resources instructor Melissa Rouleau and Youth Services manager Stump Olsen about their work with area residents in the center.