DON’T BE PIMPED BY THE PAYDAY LOAN COMPANIES

In some cities there are more of these operators than Subway sandwich shops. It is the growing multibillion dollar payday loan industry that is raping Black, Latino, immigrant and poor white communities at an alarming rate. To hear both sides of the argument one would have to start to dig under the fingernails to determine if the dirt of payday loan and similar services are valid.  In some states, there are little if any regulations governing payday, car title loans or similar services.   In calculating fees, extensions and other charges the rates could be extremely high. Some government legislators have...

A Used Car May Cost You Three Times The Purchase Price

“We Finance Anyone The Law Allows” A familiar slogan from heard at many used car and some new car dealerships from coast to coast.  Realizing that the economy is starting a slow recovery, the amount of available credit has increased but maybe not in the conventional locations. The confessions of a used car salesman tells some experiences that many people may not really understand or were aware of.  Some of the biggest profit is made in the secondary credit finance business. Interest on secondary credit, like car financing, is paying some investors double digits while your local bank could only...

Spinners Laud Spam and Velveeta Planning

After a very successful event the management group for the Spinners was so impressed by the coordination and planning that went on they were compelled to write about...

POLITICIANS AND ELECTED OFFICIALS APPLAUD ROY JAY & PROJECT CLEAN SLATE

Not many people would cash in nearly all of their retirement to help people that they never really met. That’s what African American Chamber of Commerce President, Roy Jay did in 2005 as he launched Project Clean Slate. What is now an award winning program set out on a path to help a few hundred people reclaim their drivers license and expunging minor criminal convictions. These and other barriers were in the way of people moving forward and getting a second chance in life. Since inception, PCS has assisted over 8000 people in more ways than they can imagine. One...

AFRICAN AMERICAN CHAMBER THE SPARK PLUG BEHIND MULTI MILLION DOLLAR SUIT

African American Chamber of Commerce of Oregon was one of the main spark plugs supporting a multi million dollar suit against Asbury Auto Group in Portland, Oregon for racial discrimination. This news story is only the tip of the iceberg. Asbury packed up and not only left town, but the entire state of Oregon. This event was August 18, 2008. Plaintiffs were four African American employees that were called the “N” word repeatedly, passed over for promotion. In the 11th hour after, they reached out to the African American Chamber of Commerce’s Legal Support Division. The initial results in Federal...