Resident Action/Illinois continues our work to reform regulations on pay day loans in Illinois, which lock People in america into an insurmountable period of financial obligation. To find out more in the Monsignor John Egan Campaign for Payday Loan Reform, or you have experienced difficulty with payday, car title or installment loans, contact Lynda DeLaforgue at Citizen Action/Illinois, 312-427-2114 ext. 202.
The Monsignor John Egan Campaign for Cash Advance Reform
The Campaign for Payday Loan Reform began in 1999, right after a bad girl stumbled on confession at Holy Name Cathedral and spoke tearfully of her experience with pay day loans. Monsignor John Egan assisted the lady in paying down both the loans in addition to interest, but their outrage to the lenders that are unscrupulous just started. He straight away started calling friends, companies, and associates to attempt to challenge this modern usury.