When money gets tight, what do you do? Payday and car-title loans are among the options that low-income Oregonians resort to, according to a recent report from the Center for Responsible Lending.
Student loans, car loans, and credit card debt exert a crushing burden on people who make between $20,000 and $30,000 a year.
The report includes input from several Oregon nonprofits, including Innovative Changes, which makes small loans itself. Ezekiel Gorrocino of CRL and Rachel Stein from Innovative Changes are our guests.