Have you ever used a payday loan?

Do you know someone who has?

Have you ever worked in the payday loan industry?

Does your organization serve people who have had a payday loan?

Share Your Payday Loan Story

Many people across the state of Michigan use payday loans when they are not able to make ends meet from other sources of income. Many of those borrowers have found their experience to be much different than they had hoped. Project GREEN is participating in the Michiganders for Fair Lending initiative that will cap the interest rate on payday loans at 36% APR. The stories you share will help voters to understand the real-life impact that these loans have on the lives of our families, friends, neighbors, and fellow citizens.

Because your story is valuable, we will provide a cash prize for some of those who share! We will select the names of two winners each month in April, May, June, and July who will receive $50. In August, we will select the name of two winners who will each receive $700 each. Participants can only receive one $50 prize. However, all participants will be eligible for the $700 prize. Winners’ names will be randomly selected.

As thought starters, here are some questions you might consider answering when sharing your story in writing or on a video/audio recording:

  1. Your Name and City
  2. How would you describe your experience in five words or fewer?
  3. How were you going to use the money that you borrowed?
  4. What information were you given when you took out the loan?
  5. What other options did you consider?
  1. How much money did you borrow?
    1. How many loans did you take out?
    2. How long did it take you to pay it off?
    3. How much did you pay back in total?
  2. How did you feel as a result of your payday loan experience?
  3. As you think about your payday loan experience, what specific changes would you make to the payday loan industry if any?

Choose How You Share Your Story

  • Complete this brief survey. Click here
  • Type out your story in your own words, please use the form below.
  • Record and upload a brief video or audio. (5 minutes or less) Please indicate whether we have your permission to share your video or audio by indicating yes or no on the form. Click here
  • Have someone to contact you to interview you. Click here

Write your story here

Examples of people sharing their payday loan stories:

Yesenia's story
Elliott's story
More on Elliott's story