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Lewisville eyes community loan center concept as pay day loan alternative

Lewisville eyes community loan center concept as pay day loan alternative The Lewisville City Council heard a presentation in workshop session last Monday evening about the proposition for producing a Community Loan Center (CLC). A CLC would form teams employers within the town with a organization that is non-profit offer lower-interest loans as much as $1,000, reimbursed via payroll deductions. The council has looked over managing the lending industry that is payday. Nevertheless when they asked for alternatives before continuing into legislation, Assistant City Manager Claire Swann positioned the CLC concept instead of payday lending that will never price the…