Page 9 - Chehalis Tribal Newsletter - February 2015
P. 9
Program News
The Chehalis Tribal Loan Fund wants your input! Can you think of a new name for us? We want our
new name to include the following: Work Hours for Heritage
and Culture Coordinators
„„The value of community
„„Assets Dianne Devlin  
Monday through Thursday
We are also looking for a new logo. We would love for some Chehalis artists to incorporate CTLF
with community into a new logo. 10:00 AM - 6:30 PM

We will continue to serve the Chehalis Tribal members and the surrounding area of the Chehalis Walter Lewis
Reservation. Tuesday through Friday

Predatory Lending 10:00 AM - 6:30 PM

We have met with many of our customers, who have high interest rate loans or credit cards. Predatory The culture coordinators will be working
lending is any practice that imposes unfair or abusive loan terms on a borrower. Predatory lending can with the children in  the Youth/Education
take the form of payday loans, car loans, tax refund anticipation loans, or any type of consumer debt. services through the winter months.

How can you recognize a predatory lender? Lynn Hoheisel
Monday through Thursday
„„The lender misrepresents or hides the true costs, risks, and/or appropriateness of a loan’s terms, or
the lender changes the loan terms after the initial offer. 8:00 AM - 4:30 PM. 

„„Risk based pricing: predatory lenders abuse the practice by charging very high interest rates to high Lynn is available to help with family
risk borrowers who are most likely to default. tree research, documenting, or copying
pictures for you. Their lunch time is 12:00
„„Inflated fees and charges: Fees and costs (e.g., appraisals, closing costs, document preparation fees) - 12:30 PM. 
are much higher than those charged by reputable lenders, and are often hidden in fine print.  
Protecting yourself against predatory lenders to come in and use the sewing room for
projects or for arts & crafts.  Staff can be
Beware of loan offers through the mail, via telephone, or door to door solicitations. Reputable lenders available to assist you if needed.
typically don’t operate in this way.
PLEASE CALL  Lynn Hoheisel to
„„Stay clear of lenders who promise that your loan will be approved regardless of your credit score. schedule dates and times you would
Get a copy of your credit report, and have some idea of what you should qualify for. like to use the room for your projects,
or just drop in anytime before the end
„„Being rushed to sign papers: Do not let yourself be rushed into the loan process. Study the of the workday. Share with Lynn about
paperwork, and don’t sign anything you don’t agree with or understand. the projects you would like to use the
room for. Our program has seven sewing
„„High Interest rates and Fees: Question high interest rates and fees. Refuse to accept payments you machines available to use for sewing
know you cannot afford. Decline any additional services “packed” into the loan, like credit or health projects. 
Community Input
„„Prepayment penalties: Find out if there is a prepayment penalty for paying off the loan early.
With the new year, our program would
„„Blank spaces in documents: Do not sign any documents that contain blank spaces. Read loan like the community input on what hours
documents carefully, and have them checked by a trusted friend or lawyer if possible. that would work best for you. Please
contact Lynn Hoheisel let her know.
Legal Protections
For more information contact Lynn at the
Federal laws protect consumers against predatory lenders. The Equal Credit Opportunity Act makes Community center in Heritage Room at
it illegal for a lender to impose a higher interest rate based on a person’s race, color, religion, sex,
marital status or national origin. 360-709-1748. 

Contacting the CTLF Program

Julie Burnett, Executive Director Diana Pickernell, Loan Coordinator

360-709-1831 360-709-1631    Page 9
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