'Don't Borrow Trouble' hotline established

Monday, January 26th 2004, 12:00 am
By: News On 6

Look for a new campaign to keep you from being separated from your money.

It's called the 'Don't Borrow Trouble' hotline and counseling network. The campaign combines advertising and consumer education to alert families about predatory lending practices, such as high interest rates, excessive fees, or deceitful lending practices.

Tulsa mayor Bill LaFortune: "I can't think of anything more despicable than someone who would prey on those that lack info and education to know that they've been taken advantage of."

The new 'Don't Borrow Trouble' hotline is 596-1500. It's coordinated by Freddie Mac, Home Ownership Tulsa and the Tulsa Area Fair Housing Partnership.