collective impact

Predatory Lending Workshop at Prosperity Center

A disabled 78-year-old client walked into Trident United Way’s Prosperity Center so deep in debt to predatory lenders she could never repay the loans. She had two check cashing accounts, title loans and other unnecessary loans with usurious rates up to 400%.

The woman was choosing between paying her light bill and paying the interest and fees. So Trident United Way and its partner Origin got the woman into a program, renegotiated the loans and put her on a budget.