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County hears presentation on payroll‑deducted 'salary access' loans as an alternative to payday lenders
Summary
A representative of Access Loans proposed a payroll‑linked loan program offering $1,000–$5,000 at roughly 23.99% APR repaid through payroll to reduce employees' reliance on payday lenders; HR cautioned about payroll workload and existing benefits.
County commissioners heard a work‑session presentation on a ‘salary access’ payroll‑deduction loan product intended to give employees emergency access to $1,000–$5,000 without a credit check and with repayment via payroll.
John Grogan of Access Loans said the program targets public‑sector employees (who have low turnover) and some health‑care workers, offering a…
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