Money Smart Week Helps Michigan Residents
By Desmond CarlislePayday Loan Writer
It's Money Smart Week in Detroit, Mich., an annual seminar in which young and older consumers can learn more about money. The program, started by the Detroit branch of the Federal Reserve Bank of Chicago in 2004, will involve upwards of 300 classes and workshops in greater Detroit and throughout the state of Michigan.
This is the place to get your financial questions answered. If you're curious about the Medicare prescription drug changes, a four-hour expo on money issues for seniors will examine drug coverage, starting at 10 a.m. Monday at the St. Patrick Senior Center. Unwilling or unable to deal with banks? There's a seminar geared toward people without checking accounts. And that's just the beginning.
The week's events will feature sessions on car and home loan financing, personal money management, identity theft, consumer rights, the importance of credit reports, the potential dangers of instant payday loans, and much more. If things go according to plan, the subject matter may not be enthralling, but it will be essential — and draw many visitors.
June 6th, 2006 at 2:16 pm
[…] Michigan payday loan outlets now charge 12.6 percent for a maximum $600 loan. A sliding fee schedule also was put enacted, capping fees at a 15 percent rate and decreasing incrementally depending on the loan size. The new guidelines also permit a maximum of two outstanding loans at once. […]