At the same time which will feel just like a bleak confluence of a general public wellness crisis and financial uncertainty – as COVID instances and jobless prices continue steadily to increase – it is critical to understand the dangers of small-dollar payday and auto-title loans.

“These loans look in a pinch, but know that a lot of people don’t succeed,” said Tim Morstad, who leads advocacy work on consumer and financial issues for AARP Texas like they might be easy to get in and out of, and that they might help you.

In A facebook live discussion with Jessica Lemann, AARP Texas’ connect state manager, Morstad outlined the high-risk pitfalls of payday financing and talked about current town laws to guard customers.

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