Those who paid high interest rates for 'payday' loans eligible for repayments Comments on Stories, posted by , a resident of , on Jan 1, 2013 at 11:52 pm
California residents who paid exorbitant interest rates for online installation loans may be eligible for repayment over the next three months
in a refund drive announced Thursday by San Francisco City Attorney Dennis Herrera.
Read the full story here Web Link posted Friday, December 28, 2012, 8:52 AM
Posted by LisaNash, a resident of the Golden Eagle neighborhood, on Jan 1, 2013 at 11:52 pm LisaNash is a member (registered user) of TriValley Views
No one is forced to take out a payday loan, we all have a choice. Furthermore, today we have really a good choice and variety of loans with affordable interest rates, but they require a good credit score. I think that before taking out a loan it’s important to think very well if you can pay it off, in case your income is low enough then it’s not worth to apply for high interest rate loans and choose something cheaper. Lots of Americans think that taking out a payday loan is just an easy way to get cash, but when it comes time to pay back they get frustrated because they start to understand that these loans and intended for urgent situations.
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