You live on a limited income, paycheck to paycheck. Now your next paycheck is in jeopardy, because your car won’t start. What to do?
There’s that payday lending store around the corner, so you go take out a loan and buy a new battery for your car. You give the lender a post-dated check for the amount of the loan, plus interest and fees. The lender cashes your check after you get paid. Done deal, right?
Not always, according to David Gray with the Louisiana Budget Project.
The authority that oversees the Ernest N. Morial Convention Center will be able to save at least $6 million in interest costs on its outstanding bonds based on action taken by the State Bond Commission.
The Times-Picayune reports the commission on Thursday approved without objection the issuance of $75 million in refunding bonds for the Convention Center.