Payday Loans In OHIO…..the opinions roll in
With all the scrambling in Ohio to regulate the payday lenders, C.O.A.S.T. (Coalition Opposed to Additional Spending on Taxes) said it will urge Ohians to vote “no” on the November vote regarding regulations on the payday lenders. A representative of this group believes the government should stop tracking everything that people do and stop trying to change what people do.
It seems the overall opinion is that people want to have control over their own lives. They don’t want “big brother” to control when and where they get their much needed money.
Time will tell, who else comes out of the wood work expressing their support or objection with the payday lending issue in Ohio.
These guys are being very, very disingenuous. The payday lenders have their own big brother, Teletrack, which tracks all types of information about payday lending consumers. For example, they have bankruptcy case records, landlord/tenant court records, information about what types of loans and financial transactions you engage in, etc. The payday lobby just needs to stop lying and putting up smoke and mirrors in Ohio. Just tell voters the truth! They want to charge 391% APR and make more money! That’s it!
Vote yes on issue 5!
1The payday loan industry is not really interested in giving Ohioans choices – all they care about is their own profits. No one would choose to pay 400% interest. Our economy is in crisis because of bad lending, and the pay day industry is a good place to start cleaning it up.
2The difference IS, is that Teletrack is not a government run database available to use by the government at their whim to track any information they please. Get real. The government wants this database so they can force you to pay the $250 financial class they require with this Bill after 2 loans. Want to pay 250.00 to loan? Go with the governments request and vote yes.
3Vote NO on Issue 5, if you prefer 15 bucks to borrow 100.
Vote NO on Issue 5, if you prefer NOT to pay 37 NSF fee for 100 bounced check and rather loan to cover your expenses
Vote NO on Issue 5, if you prefer NOT to add to unemployment by shutting out a minimum of 6,000 jobs
Issue 5 ELIMINATES an industry. This loan option is a CHOICE. I vote to have the ability to CHOOSE.
VOTE NO ON ISSUE 5, PRESERVE OPTIONS CHOICES FREEDOM
The facts are 15.00 per hundered,two week loan,15%.
4So quit spouting APR that formula shouldnt apply to this product.What these yes on 5 paid advocates dont want you to know that there backed and funded by *Self Help Credit Union *who charge overdraft fee’s that some times can calculate in THOUSANDS OF PERCENT APR….BUT THATS OK RIGHT?This law that these guys want. Takes away financial options during the largest credit crisis in 80 years FROM PEOPLE THAT NEED IT MOST.While banks and credit unions are raising there credit standards.It’s going to be harder for people to get loans the traditional way (like it was easy to begin with)So where will people be able to get cash fast?Giving banks and credit unions total control of lending in the state is a bad idea.I mean were already bailing them out with are money,and most of us wouldnt get time of day if we needed a loan from these premadonnas.The answer is they wont be able to get money at all.The truth is these guys blogging are people that think they know better than you on how you should spend your money.Call me crazy but shouldnt that be decided by YOU NOT THEM?VOTE NO ON ISSUE 5 IF YOU BELIEVE GOVERNMENT SHOULD STAY OUT OF YOUR FINANCES(it’s your money it should be your choice)no on issue5