Keep It Goal 3
Families get loans they need without using predatory lenders.

Common Sense
  • High-cost lenders target low-income families with high-interest loan products.
  • Considered an urban phenomenon, overpriced check-cashing outlets and payday lenders are growing most rapidly in rural areas – and are becoming easily available over the phone and internet.
  • Quite often, a predatory loan is the only kind that low-income families can get.

Fast Facts

Check out related Action Ideas and Alerts below! Or view other Keep It goals here.

Rural IDAs

Earning It isn’t enough to lift families out of poverty—they have to Keep It and Grow It too. Individual Development Accounts (IDAs) are one of the most successful and tested ways to help families Keep It and Grow It. But there are special challenges and opportunities when you start and run an IDA program in a rural place. The basics […]

The Nasty Nine: Helping Rural Families Avoid Predatory Lending Practices

Do the rural families you encounter turn to predatory lenders and products when they need money—and end up in worse financial straits? Here are some resources you can use to guide them to better lending products that can help them stay afloat and get ahead in this economy: A recording of the RuFES webinar on the Nasty […]

RuFES is a project of the Annie E. Casey Foundation and the Aspen Institute Community Strategies Group.
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