Many people across the state of Michigan use payday loans when they are not able to make ends meet from other sources of income. Many of those borrowers have found their experience to be much different than they had hoped. Project GREEN is participating in the Michiganders for Fair Lending initiative that will cap the interest rate on payday loans at 36% APR. The stories you share will help voters to understand the real-life impact that these loans have on the lives of our families, friends, neighbors, and fellow citizens.
Because your story is valuable, we will provide a cash prize for some of those who share! We will select the names of two winners each month in April, May, June, and July who will receive $50. In August, we will select the name of two winners who will each receive $700 each. Participants can only receive one $50 prize. However, all participants will be eligible for the $700 prize. Winners’ names will be randomly selected.