We’re proud to announce the launch of our new insights series on predatory debt, taking a bold step toward reshaping how harmful financial products are defined and addressed. Over the years, our work with low-income workers has given us a unique, in-depth perspective on the debt products that entangle them in cycles of borrowing and strip them of financial stability. Our data reveals that 55% of our clients are burdened by predatory debt, and 94% of those hold at least three harmful products. Drawing on this expertise, we’re introducing a new, expanded definition of predatory debt—one that goes beyond the obvious culprits to include product features and lender practices that jeopardize workers’ financial security. We’re excited to share this work with you! Learn more and read the first brief here: https://neighborhoodtrust.org/wp-content/uploads/2024/12/NT_PredatoryDebt_IR-1b.pdf (fb)

We’re excited to share our new insights series on predatory debt, which reshapes how harmful financial products are defined and addressed. Our data shows that 55% of clients are burdened by predatory debt. Learn more: https://t.co/GFnzGtf5kP https://t.co/ZFYfuJogVO (tw)