Category Archives: $1000 pay day loan

LETTER: End predatory payday financing. That cash has been invested in regional communities, but rather went along to lining the pockets of loan providers.

LETTER: End predatory payday financing. That cash has been invested in regional communities, but rather went along to lining the pockets of loan providers.

As lawmakers right right here in Aurora, we think it is essential for our next-door next-door neighbors to know the effect with this vote and practice yes on Proposition 111.

Can you spend $293 in interest on a short-term $500 loan? Do you consider having to pay 129 per cent APR appears reasonable? That’s precisely what occurs with many of our Aurora next-door next-door neighbors once they borrow funds from out-of-state payday lenders.

Here’s how it operates: Out-of-state payday loan providers are targeting hardworking Aurora residents with claims of quick money, however these loan providers are actually leaving them caught in debt. Continue reading LETTER: End predatory payday financing. That cash has been invested in regional communities, but rather went along to lining the pockets of loan providers.