Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : U.S. Navy in Northwest region wants payday loans restricted
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November 29, 2005
U.S. Navy in Northwest region wants payday loans restricted
This is similar to the effort that Florida introduced against payday loans in August. And this is the second attempt to persuade lawmakers to pass the bill that "will cap APRs (annualized percentage rates) and extend the payback period to 90 days or more .." The Navy argues quite rightfully, that "cycle of debt that can harm their combat readiness" has to be broken.
Posted in Payday Loans at November 29, 2005 01:45 PM
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