question of payday loans on election day?
I live in Ohio, and this is one of the question on the ballot this day and I'm on the fence. They are trying to reduce the rate it can charge customers for short-term loans and making lenders are saying that will go out of business and that will cost 6,000 jobs. Obviously, this is not a good thing, but it's a good thing to accuse someone of 291% on a loan short term? Predatory lending anyone? They say that removing these loans that people need for the theft of unexpected expenses will rise and people will start checks rebound and that makes sense, but the reality is most people using these places are repeat customers, not one emergency to the customers on time! What you think?
Payday no more than legal loan sharks. That is to starve.