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So this article is directed at the self-serving, self-dealing politicians that comprise most of the Ohio Legislature.
Because they have voted for a de facto ban of payday loans in Ohio. They did this despite:
1) Receiving 30,000 letters from payday loan borrowers telling them not to vote for this bill;
2) 2,500 payday […]

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Faxless bad credit payday loan is for your urgent needs. Emergencies come without informing you and waiting until your next salary day is not possible. In such situations, only faxless payday loan can lend you the money for the payment of your dues. In case you have bad credit history, then also you need not […]

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Are Payday Loans a Service or a Disservice?

Sunday, January 20th, 2008

S ome bills simply must be paid. So when the rent and the car payment come due but Tasnuva Ahmed’s next paycheck is a week away and the wallet is empty, she visits her local payday lenders.
Zips up to the Check ‘N Go on King Street in Alexandria, hurries inside and emerges 14 minutes […]

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Rita realized the value of an online savings account payday loan when she reached home and found a pending bill so large that it nearly took her breath away. To make matters worse, there were school fees for her daughter that had to be met. That is when she realized the value of keeping her […]

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Payday advances made by check-cashing companies before a state law was passed to regulate them in 2001 were illegal loans, the Florida Supreme Court ruled while reinstating a consumer lawsuit Thursday.
The case involved businesses that, for a fee, advance cash in exchange for checks they do not take to the bank until later, which […]

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Doyle kills payday loan plan

Monday, November 26th, 2007

Regulations on storefront lenders not strong enough, governor says
Gov. Jim Doyle signed a bill on Thursday to restrict predatory lenders who gouge homeowners with exorbitant rates, but he vetoed another measure that would have imposed limits on another type of controversial loan company.
Saying a bill that restricts so-called payday lenders wasn’t strong enough, Doyle vetoed […]

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The vicious cycle of payday loans

Monday, November 26th, 2007

The 60-year-old North Carolina resident was behind on her electric bill and short of cash to buy presents for her grandchildren that year, so she applied for a short-term “payday loan.”
That mistake locked Monti into a cycle of twice-monthly borrowing that ultimately cost her $1,780 to pay off $700 in loans - an effective annual […]

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Proposed limits on payday loans have been eased by a Senate panel. The amended bill was advanced to the Senate Banking and Insurance Committee.
This is the bill’s second time through the committee process. As initially introduced in February, the bill would have made payday lending illegal.
Compared with the initial compromise, the approved changes upped the […]

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The Arizona House on Tuesday approved a bill to give new protections to payday loan borrowers while helping the industry by lifting the scheduled expiration of the state law authorizing the short-term loans.
The bill (HB2443) was approved 39-16 with bipartisan support.
Legalized in Arizona in 2000 and now offered through hundreds of businesses across […]

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