FOR IMMEDIATE RELEASE
CONTACT: Adrienne Wheeler 504-561-7312; email@example.com
August 19, 2019, New Orleans, La. – In June, Louisiana Appleseed released its report, A Vicious Cycle: How Predatory Lending and Court Fines & Fees Continue to Trap Communities of Color in Debt, which discusses its findings on financial stability in low-income and communities of color. As a part of a statewide tour to inform communities of these issues, Louisiana Appleseed has spread this information in Lafayette and Shreveport and is now taking these findings to Lake Charles.
On August 26, 2019, Louisiana Appleseed will host its third community forum to listen to residents’ current debt problems, discuss findings outlined in A Vicious Cycle, and highlight current materials available to increase financial stability. This meeting will take place from 3:00 p.m. to 5:00 p.m. at the Calcasieu Parish Public Library Epps Branch at 1320 North Simmons Street in Lake Charles. This meeting is FREE and open to the public. Light refreshments will be served. You can register to attend the event on our Facebook page or by using the following link: https://www.eventbrite.com/e/louisiana-appleseed-community-forum-to-address-household-debt-tickets-66272138751.
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.