Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Oregon payday loan stores average 480 percent in interest
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November 18, 2005
Oregon payday loan stores average 480 percent in interest
The Oregon payday loan stores run very profitable enterprise, to put it nicely. More like a highway robbery to me. And 480 percent is an average. Some Portland payday loan companies charge something like 520 percent a year if you convert bi-weekly charges into yearly. You can read detailed research from Oregon Student Public Interest Research Group website.
Posted in Payday Loans at November 18, 2005 12:18 PM
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