Defense against Pay Day Loans
The Bell Policy Center joined other customer advocates to guide Proposition 111 in the November 2018 ballot to cap payday financing rates and charges at 36 % so that you can control predatory payday lending in Colorado. It passed with a growth of than 77 percent of voters approving the measure.
Before the Colorado passed its cost limitation, 15 states which means District of Columbia currently used their really own rules and laws capping interest levels on payday loan at 36 % or less. Continue reading “Predatory Payday Lending in Colorado. Referred to as high interest rates and fees and brief repayment terms, pay check loans provide short-term loans of $500 or less.”