Commentary: Many participants at the employee benefits meetings had tears of relief in their eyes. “You’re sure I can get a loan even with my credit score?”, one man asked. After years of financial abuse from non-bank lenders, they were being given access to affordable loans despite troubled credit histories. For them, the new loan program could be a financial lifeline.
Kudos to Dona Ana County for becoming the first local government in New Mexico to introduce a no fuss, no credit check, affordable loan program to its employees.