Speak Out Loud: What a great feature for our small town newspaper. I am a 50-something UNT grad that came to Denton in 1974 to attend what was then NTSU. I fell in love with this little town and I made it my home.
One thing about Denton that has always amazed me is the Denton Record-Chronicle. The fact that this little town and your writers can find very interesting local and international material to fill this little newspaper seven days a week, 365 days a year, still amazes me.
The kids’ column, Speak Out Loud, is one of my all-time favorites. These young people really have something to say, and they do it with style and grace.
Kudos, DRC. Keep up the great work.
Thanks for the information
Thank you for this opening article on the predatory lending that has proliferated in Denton and elsewhere. For the last two years, the United Methodist Women of Texas, at their Legislative Event in Austin in January, have studied this debt trap. According to Texas Faith for Fair Lending, a recent poll of Texas voters found that the public understands the need for reform, including 68 percent of Republicans, 82 percent of Democrats and 82 percent of Independents.
It is unconscionable that in Texas a $4,000 auto title loan can result in a borrower paying $1,200 per month in fees and interest for months on end, never reducing the amount owed. (See “Payday Advance: A Debt Trap Texas Families Can’t Afford,” Texas Faith for Fair Lending and Texas Fair Lending Alliance.)
The problem is that many of our legislators are beholden to the industry. It will take a real outcry from the public to overcome the wealth that’s available to ensure that the industry continues just as it is. Thank you for putting out the information to perhaps fuel such a response.