A claim often stated about payday lenders is the APR charged for paydayloans is more than 100 percent per year. Granted, there is a kernel of truth to it, but only if you happen to take one particular view. More restrictions on payday lender is being called for in the financial reform bill because of this intended high interest. When thought about critically, it seems to be like hunting coyotes when Grizzly bears are the problem.
GavinA's blog
Claims Of Too High Of Interest From Payday loan company Involves Some Bad Math
Posted June 22nd, 2010 by GavinA
