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PUBLIC TESTIMONY

Testimony by Wei Qing, Taxi Driver

2:58:28

·

86 sec

Wei Qing, a taxi driver and medallion owner, testifies about the financial challenges he faces and requests support from the city. He advocates for fair pay rates and an extension of vehicle retirement deadlines due to his current loan situation.

Qing pays $2000 monthly in interest on his medallion loan and $1400 monthly for a new vehicle.
He is waiting for loan restructuring through the CDMRP program and asks for an extension on vehicle retirement to avoid potential bankruptcy.
Qing emphasizes the need for loan restructuring or takeover to maintain his medallion and avoid financial difficulties.

Wei Qing

2:58:28

Hello.

2:58:28

My name is Wei Qing.

2:58:29

I'm a Yolked owner driver, and I support the Bay to pay the record the economy to pay the with a fair rate.

2:58:40

And, also, as a city for a bigger extension, because my next figure had to be which has a bigger and also my loan, my current Moderna loan in no research I had.

2:58:55

My bank I paid my bank 2000 a month only on the on the interest rate, and the new SSENSE where we get cost 1400 100 a month.

2:59:05

So it will be a big button on me until, you know, my loan restructure with my current bank.

2:59:10

And and we stay waiting for the CDMRP to program for my bank to join or a new bank to take over our loan.

2:59:19

So until that time, you know, I asked the CD and TSC to extend our vcare I mean, retirement.

2:59:29

So I I asked the TSC and CD to extend our vehicle retirement and take our loan or restructure.

2:59:36

So so the otherwise, I I had to keep my medallion in storage and eventually do the bankruptcy.

2:59:44

You know?

2:59:44

So as until extension for my bigger operation, you know, until my loan restructure.

2:59:53

Thank you so much.

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