What is your opinion about a best payday loan establishments?can you tell us?
jayna asked:
In some areas of the country they are trying to ban payday loan stores, citing predatory practices and unfair interest rates. These places have clearly listed their rates, as high as they are, on paper and listed in signed contracts. Opponents of the proposed law banning payday loans say that the extra fees are better than not getting money for a needed car repair, a bill that must be paid (electric, gas) or bouncing a check because the money was not in the account. What’s your take on these places. Explain your position.
February 22nd, 2010 at 1:41 am
I think banks should not allow loans to the people. this is truly illegal. interest is not a good thing. i request all the bank managers as well as the people who are giving loans to peoples should not demand for interest. loans should be of no interest. i.e, if you had taken some amount let it be 500$ the same amount should be returned back.