Payday loans are a useful financial tool for many Ohioans who experience an occasional crunch in between paychecks. Sometimes, the utility bills are higher than usual, or expensive school books are needed, or urgent medical care for a child can’t wait until the next paycheck. A payday loan is far less expensive than a bounced check, a utility bill late fee, or a credit card cash advance, and banks and credit unions won’t make small, short-term loans. I, along with all Ohioans, should be able to choose which financial products to use. The government should not take away that choice. Hardworking Ohioans should not be forced to take out an internet loan or pawn off a valuable possession in order to cover a short-term financial bind if they prefer the payday loan product. Please protect my financial choices and the choices of all Ohioans and keep payday loans available in Ohio.
It'll be interesting to see. I've been fairly neutral on the whole BREAD thing, so maybe I can see both sides of the issue. Yes, I do smell the scare tactics on their side, but at the same time, it would be interesting to see what happens if the interest rate is lowered. Will these people lose their jobs? Will it add to Ohio's already crummy economy?
I can't help to think of the smoking ban that passed a few elections ago. Anyone remember that? If you paid attention to the people against the ban, a lot of bars would have closed. I don't exactly see that happening.
That paragraph above mentions the government doing this and that. Are they really? Once again, it reminds me of the smoking ban. In that case, the government really didn't DO anything, they just basically did what the people told them to do.
I just hope that if people don't have enough money (and IF, a big IF, the payday loan places do shut down) that people won't resort to crime to get money that they need.
Where am I going with this? I'm not really sure...my cats are sleeping next to me and i'm watching Jay Leno. Did I just hear from him that John Edwards will endorse Barack Obama???
Sometimes it is interesting to see the other side of the story. (BREAD, not Jay Leno.)
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