Viewpoint: Escaping your debt trap. Finally, you will need to remember that this bill, along with its flaws that are many is completely redundant.

Viewpoint: Escaping your debt trap. Finally, you will need to remember that this bill, along with its flaws that are many is completely redundant. Michigan House Bill 5097 would “authorize certified providers of deferred service that is present to make sure small loans.” The bill would expand payday lending options for consumers in other words. Pay day loans, short-term, high-cost financial loans, have now payday loans in Michigan been justifiably criticized once the favored device of predatory lenders: a financing choice that usually traps families and folks in an expensive and possibly catastrophic cycle of financial obligation. Michigan House Bill 5097 is just a windfall for predatory lenders and a… Read More

Continue Reading