 |
|
|
Updated: 11:26 AM Sep 26, 2007
Harrisonburg Payday Lending
Harrisonburg, Va. When you need quick cash, payday loans are an option, but do you know how quickly the interest rates add up? Posted: 10:36 PM Sep 25, 2007Reporter: Kelly Creswell Email Address: kcreswell@whsv.com |
|
3 Comments
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled.
Click here for a free download of the latest Adobe Flash Player.
| National AP Video |
|
|
World Headlines
- Missouri Sex Abuse Case Gets More Grotesque
- Dad: Shaniya's Mom Trafficked for Drug Debt
- Another Day, Another Confusing Jolt for Women: Delay Cervical Exams?
- Oprah Winfrey's Bombshell Announcement Prompts Replacement Chatter
- Your Car's Computer Brainier Than the FAA's?
- Palin on Trig: 'How Would I Handle This?'
- Casey Anthony Defense Takes Aim at Meter Reader With Checkered Past
- Levin: Could Be More E-Mails From Ft. Hood Suspect
- WATCH: Women's Health Care in Jeopardy?
- Floodwaters Submerge Northern England
- Did Knox Lead Sex Attack on 'Prissy' Roomie?
- High Sea Piracy Takes Bloody Turn
- Russian Priest Gunned Down in Church
- Suicide Bomber Strikes in Western Afghanistan
- Peruvian Gang Killing People for Their Body Fat
- Herman Who? Unknown Chosen For First EU President
- Italian Police Arrest 2 Linked to Mumbai Attacks
- Sri Lanka to Release 136,000 Tamil War Refugees
Shame on you for labeling one who uses payday lenders as people that are ignorant. Teachers that teach your children, nurses that take care of your love one when they are ill, police officers that protect and serve, retirees that still need financial help occasionally, and the list goes on, are not poor, ignorant customers, not capable of understanding the borrowers terms. Enlisting the church to aid you in this? If payday lenders are forced to close their doors, will the churches be able to afford to pay all of the bills for people who use these facilities? Shouldn't the church be more concerned with getting Gods word spread, and payday customers be allowed how they choose to spend their own money? In my opinion, this is dictatorship, and very insulting to people that are capable of making their own choices,and yet lobbyist, preachers? politicians, describe them as ignorant, indigent, uneducated(implied when referred to not being able to understand or handle their finances),
GLaughlin@alpha.com
If this 36% is for a week's interest the Annual Percentage rate would be 1872%. Nothing was said about the term of the loans. People frequently get locked into this kind of borrowing and find it hard to get out. Much more legislation needs to be passed to help these people.