Need cash fast? Hope you don’t mind a yearly rate of interest of almost 700 %.

Need cash fast? Hope you don’t mind a yearly rate of interest of almost 700 %.

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In 2008, payday loan providers suffered a significant defeat whenever the Ohio legislature banned high-cost loans. That same 12 months, they lost once again once they dumped significantly more than $20 million into an attempt to move straight back what the law states: the general public voted against it by almost two-to-one. Continue reading