Report

This edition of AdvoCasey documents the high cost of being poor in eye-opening detail — including the immense cost of credit paid by many low-income families.
AdvoCasey is a seasonal publication with themed issues that spotlight programs and policies making measurable differences in the lives of kids and families.

December 21, 2005

AdvoCasey

In This Report, You’ll Learn

  1. 1

    How low-income families pay more for staples like groceries and banking.

  2. 2

    One organization’s fight against predatory mortgage lending.

  3. 3

    Two projects that are helping low-income workers own a car and keep it running.

  4. 4

    How two credit unions are stepping forward to compete with payday lenders.

Key Takeaway

Predatory lenders are hardly equal-opportunity offenders

Predatory lenders lace their loans with exorbitant extras like balloon payments, mortgage insurance charges, prepayment penalties. Most often, their victims are blacks, Latinos and other minorities.

Findings & Stats

Statements & Quotations

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