26,000 constituent letters delivered to OH legislators
April 11, 2008 | Ohio, customers, industry, regulation, states | Comments (1)More than 26,000 letters from payday lending customers and employees have been delivered to state legislators in Ohio. The customers who’ve actually used the service should be a vital part of the payday lending debate.
From a resident of Columbus, OH:
Asthtabula County doesn’t have a lot of good jobs for people. You do run short paycheck to paycheck! That’s just a fact of life. The economy is terrible. Everything goes up–utilities, gas, food, etc.–but your paycheck! Banks don’t give out loans like they used to (signature loans) or any other small amounts for that fact…I make my own financial decisions and tehse establishments are at least there for us to choose from. Taking these places away would really make things bad for myself and so many others in Ohio.
From a woman in Knox County, OH:
I have used a payday advance and am glad it was there to help me…It is quick, and I don’t have to use any co-signers, collateral, etc. In many cases, these advances help pay for my family’s medical needs….I would like to have the freedom to manage my own finances (including non-intrusive loans) that we, as Americans deserve.
Let’s hope legislators take to heart the opinions of their constituents.
Comments»
i own a single payday loan store in central ohio. not only am i losing my business my wife is losing her job. we have invested all of our savings and now have nothing. we have 4 children and do not know how we are going to make ends meet. people think we get rich by ownong a payday loan store. we have been in business since 2006 and are just know making a very small profit and it is all gone now because we have to close. we still have a lease to pay for 2 years and will walk away with nothing. we will probably be in line at the welfare office signing up for benifits.