We have seen, repeatedly, the effect of predatory methods in the full life of hardworking individuals currently struggling in order to make ends satisfy.

The exploitation of this bad by loan providers billing excessive prices of great interest is nothing new – it simply takes various kinds at different occuring times.

This legislative session, payday lenders — the absolute most predatory of loan providers — are pushing difficult a bill that may raise the high-cost, unaffordable loans they could target to low-income Floridians. The balance, SB 920/HB 857, will let them make loans reaching 200 % interest that is annual.Continue reading→