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Posted on 2/5/18 at 12:46 pm to lsunurse
quote:
Payday loans were voted illegal here a few years ago.
However....all those payday loan places did was just change to title loan places.
They should be illegal... Or have restrictions on the amount of interest they can charge. I am all for businesses making as much money as possible and usually don't agree with government telling people what to do, but these loans target poor people. They take out these loans because they need money before they get paid. If it cost them $750 to borrow $500.. They are having to hurt themselves in the long run to solve a short-term problem.
Posted on 2/5/18 at 1:18 pm to lsunurse
Aren't there Native American loan companies out there that charge an outrageous rate?
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