Let me make it clear about Missouri lawmakers considering loan that is payday

Chris Oberholtz

A proposed overhaul of Missouri’s loan industry will give borrowers more hours to pay for but could enable loan providers to charge higher costs and interest.

Their state Senate delivered legislation to the home week that is last would prohibit a debtor from renewing a quick payday loan. A loan can be rolled over up to six times under current law.

“Doing that got individuals right into a trap of refinancing financing, also it changed into a trap of financial slavery,” stated Sen. 続きを読む Let me make it clear about Missouri lawmakers considering loan that is payday