(Cash Pay Advance) Payday loan companies may close (NBC 24 Toledo)
But members of the Ohio State Senate say, people like Griffin are getting ripped off by payday company’s that charge loan shark-like interest. Many of the more than 16-hundred payday loan companies across the state say, they’ll be forced to shudder their doors for good if the bill becomes law, leaving more than 6-thousand people without jobs. Are you saying you would be able to get married, buy a house and start a family all on preying on people who aren’t intelligent enough to stop blowing their money on stupid stuff and pay their bills so they wouldn’t need to come to you for a loan? I work at a payday lending business and the Government believes we prey on poor and uneducated people, I believe that is not a true statement because most of our customer make over 30,000 a year and work for the city or governemnt. I do not think they should close payday loan companies it’s the people choice to come into our business. All the people that have bad talk about the payday lending experience probably never been in one just heard from people that abused the system. Find Out More
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