EVENT IN LAFAYETTE TO HELP REDUCE DEBT IN LOUISIANA'S LOW-INCOME COMMUNITIES

FOR IMMEDIATE RELEASE

CONTACT: Adrienne Wheeler 504-561-7312; awheeler@louisianaappleseed.org


August 15, 2019, New Orleans – Louisiana Appleseed has released its findings on financial stability in low-income and communities of color in its report A Vicious Cycle: How Predatory Lending and Court Fines & Fees Continue to Trap Communities of Color in Debt. As a part of a statewide tour, Louisiana Appleseed is now taking these findings to Shreveport.


On August 19th at the Shreve Memorial Library Cedar Grove / Line Ave. Branch at 8303 Line Ave. in Shreveport. Louisiana Appleseed will host a community meeting from 1:30 p.m. to 3:30 p.m. During this meeting, Louisiana Appleseed will discuss its findings outlined in A Vicious Cycle, listen to residents’ current debt problems, and highlight current materials available to increase financial stability. This meeting is FREE and open to the public. Light refreshments will be served. You can register to attend the event using the following link: https://www.eventbrite.com/e/louisiana-appleseed-community-forum-to-address-household-debt-tickets-66271452699


A Vicious Cycle provides important information on the factors contributing to the racial inequities that prevent wealth generation in communities of color. Long-term consequences of resorting to high-cost financial products often perpetuates a cycle of crippling debt that compounds financial insecurity and entrenches families and communities in poverty. The report also highlights how low-income people of color also are trapped by harmful debt through the imposition of court fines and fees. By shedding light on these issues, Louisiana Appleseed empowers families with the knowledge of how to avoid some debt traps.