It’s “astonishing” this payday lending critic can’t do math
July 8, 2008 | Oregon | Comments (0)This payday lending critic doesn’t understand why stores closed in Oregon. He’s “astonished” apparently that lenders couldn’t make a profit under the 36% rate cap. You’ll notice in his online column that there’s not even an attempt to do the math. The Payday Pundit will do it for him. A two-week loan for $100 at 36% comes out to $1.38 service charge.
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