Dear Mr Sovern:
I have been mulling over a possible way to help people who need a short term pay-day loan of moderate amount, along with those who do not have a bank account to cash a paycheck.
There is so much abuse and fraud in most so-called charitable organizations from the small ones to the largest that I stopped giving period. I am not wealthy but I would be willing to help bridge a few people over without any charge attached.
Furthermore, if this works, I would try to encourage others to do the same thus creating a network of genuine help for those who need it without any financial loss on their part.
I am aware that there is a risk of default but if the short term sums are kept at a moderate level and a person who defaults is denied further help; it would not be worth it for anyone to do so.
If you can spare the time, may I have your opinion on this idea?
Thank you.
Dear Mr Sovern:
I have been mulling over a possible way to help people who need a short term pay-day loan of moderate amount, along with those who do not have a bank account to cash a paycheck.
There is so much abuse and fraud in most so-called charitable organizations from the small ones to the largest that I stopped giving period. I am not wealthy but I would be willing to help bridge a few people over without any charge attached.
Furthermore, if this works, I would try to encourage others to do the same thus creating a network of genuine help for those who need it without any financial loss on their part.
I am aware that there is a risk of default but if the short term sums are kept at a moderate level and a person who defaults is denied further help; it would not be worth it for anyone to do so.
If you can spare the time, may I have your opinion on this idea?
Thank you.