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Kathy in NH

The beauty of Kingston and our wonderful state

Pay Day Loans

I'm so glad Gov. Lynch voted to ban the Pay Day Loans. This essentially amounts to Loan Sharking. There is nothing as bad as kicking someone when they are down, and taking advantage of their vulnerability. I would like to see the outcome in Oregon since they also passed a similar bill a while back.
Published Friday, February 15, 2008 6:00 AM by Kathy in NH
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Comments

 

mogabe said:

Hmmm, do you feel the same way about gambling? The bulk of lottery players are poor folks looking to gambling as their only hope, spending food money on it. Gambling has certainly destroyed far more homes and people than loan sharking has. Perhaps the state just really wants to take that evil practice over too!
February 15, 2008 9:12 AM
 

NHLife said:

I'm glad to hear this too. I have a family member that got caught in a Title Loan trap (which is similar to the pay day loans scam). It was a hard lesson to learn and fortunately she was able to borrow the money from family to pay off the loan before she lost her car.
February 15, 2008 4:53 PM
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