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Nonprofit Lender Has Alternatives To Predatory Loans In Illinois

Nonprofit Lender Has Alternatives To Predatory Loans In Illinois

A nonprofit loan provider is expanding to Illinois to supply low-income families loans with additional reasonable terms for them to avoid predatory organizations and subsequent financial obligation.

Capital Good Fund provides loans that are personal from $300 to $20,000, assisting families with varied emergencies such as for example automobile repairs, safety deposits and immigration expenses.

The lending company announced this thirty days it is now providing loans in Illinois. Capital Good Fund additionally provides loans in Delaware, Florida, Massachusetts and Rhode Island.

On the previous ten years, Capital Good Fund has made 4,500 loans for an overall total nearly $10 million, saving borrowers $4 million in interest and fees, in line with the loan provider. Continue Reading