By Alice Silbanuz on June 29th, 2012
Category: News, Tags: news, OHA
HONOLULU (June 28, 2012) – The Office of Hawaiian Affairs is suspending a debt-consolidation loan program over concerns about its inability to keep pace with demand from borrowers.
The suspension takes effect July 1, when up to $25,000 will temporarily not be available to Native Hawaiian consumers burdened with debt and interested in applying for a debt-consolidation loan to lower their monthly payments.
More than $8.5 million in debt-consolidation loans have been borrowed from OHA since the organization began offering the service in May 2011 as part of the Malama Loan Program, which has benefited Native Hawaiians seeking
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