Federal and state governments can and may protect borrowers

Federal and state governments can and may protect borrowers

Even after individuals who destroyed their jobs go back to work, the monetary harm from the pandemic will linger. Bills will accumulate, and short-term protections against evictions and home loan foreclosures most likely will disappear completely. Some struggling Alabamians will look to high-cost payday or name loans in desperation to fund rent or resources. If absolutely absolutely nothing modifications, most of them shall find yourself pulled into economic quicksand, spiraling into deep financial obligation without any base. […]