Patch Political Potpourri
PBS Focuses on Missouri's Payday Loan Initiative This Weekend
The national program airing Saturday and Sunday will focus on initiative petition campaigns tied to capping interest rates at 36 percent.
A Missouri ballot initiative aimed at curtailing interest rates at “payday loan” entities is getting some national attention. For an episode of PBS’s Need to Know, airing locally this weekend, the program traveled to the Show Me State to follow around activists who are collecting signatures for an initiative petition. If the ballot measure makes it to the ballot and if voters approve it, interest rates on certain lending companies would be capped at 36 percent. Supporters of the initiative argue that the loan agencies place poorer Missourians in a cycle of debt. But opponents counter that the entities are usually the only way lower-income citizens can obtain short-term loans to pay ordinary expenses. While supporters of the initiative …
johnmartin
8:58 am on Friday, September 28, 2012
Payday loan is a type of short-term loan; it is used to generate immediate cash between wage payments. These payday loans are really very fast loan and most convenient in critical financial situation. http://www.12monthloans.co.uk more ›