Rules on payday credit are generally unfair and harmful to borrowers: Guest advice

Rules on payday credit are generally unfair and harmful to borrowers: Guest advice

By Daniel J. Handly

Payday financing finance interest rates — generally more than 400 percent — seems too much. However, these prices echo the genuine worth of the finance and provide a critical role in assisting consumers with couple of options. Imposing limits such as the 36 per cent APR hat recommended from Alabama Appleseed Center for guidelines & fairness would in the long run control consumer preference and severely damage these applicants. Continue reading “Rules on payday credit are generally unfair and harmful to borrowers: Guest advice”