Wallyhood has generally played the booster for businesses in Wallingford (with the exception of the Erotic Bakery, which was flat out and unnecessarily rude to us, and which also makes lousy tasting cakes). Hey, we even saw some good in condo development.
Our good will does not extend to Pay Day Loans. It is an embarrassment and a blight on the neighborhood. This company and companies like it prey on the least fortunate, charging usurious rates (391% APR!) to those who can least afford it and whose math skills least prepare them to understand exactly how they’re being robbed. As the customer-victims sink deeper underwater, Pay Day Loans is only too glad to pile on more debt and siphon off their hope of solvency if it means bigger yachts for their executives.
I can’t believe we allow that kind of immoral filth in our neighborhood.
And so we are grateful to Wallyhood tipster Andrew for alerting us to something we can do about it this coming Tuesday. The Poverty Action Network wrote its volunteers:
On February 10th, there will likely be a hearing featuring all legislation concerning predatory lending. Next Tuesday (the 3rd), we’ll be phone-banking to mobilize our members to contact their lawmakers or come personally with us to Olympia to show their support for legislation that would curb predatory payday lending. We provide the lists, the scripts, and the phones, and you provide your energetic phone skills!
When: Tuesday, February 3rd
Time: 5:30 PM – 8PM
Where: Poverty Action Office (1501 N 45th St, at Woodlawn)
They ask that you RSVP to [email protected] or 206.694.6794.