The Facts On Strategies Of Working Capital

It found that payday loans in Ohio are the most expensive in the country, typically carrying an annual interest rate of 591 percent. Thats roughly what payday lenders were charging before lawmakers enacted their remedy eight years ago. Pew found that the price to borrow from payday lenders in Ohio is up to four times higher than in other states. Consider that to borrow $300 for five months costs $680 in fees. The analysis added that the most likely borrower earns about $30,000 per year and uses the loan to cover recurring expenses such as rent and groceries. No surprise that borrowers find

...