Comments on: Ohio House Speaker believes in protecting the free market by limiting it… http://paydaypundit.org/2008/08/07/ohio-house-speaker-believes-in-protecting-the-free-market-by-limiting-it/ News and Information About The Payday Lending Industry Fri, 18 Jun 2010 21:33:31 -0700 http://wordpress.org/?v=2.9 hourly 1 By: Chris http://paydaypundit.org/2008/08/07/ohio-house-speaker-believes-in-protecting-the-free-market-by-limiting-it/comment-page-1/#comment-911 Chris Fri, 08 Aug 2008 12:55:18 +0000 http://paydaypundit.org/?p=1163#comment-911 Our state is bleeding itself to death. I don't think you will find it surprising if you look at: http://www.forbes.com/2008/08/04/economy-ohio-michigan-biz_cx_jz_0805dying_slide.html?partner=email 4 of the "Top" 10 of America's Fastest Dying Cities are located in the Buckeye state. (Cleveland, Canton, Dayton, Youngstown) Our state is bleeding itself to death. I don’t think you will find it surprising if you look at:

http://www.forbes.com/2008/08/04/economy-ohio-michigan-biz_cx_jz_0805dying_slide.html?partner=email

4 of the “Top” 10 of America’s Fastest Dying Cities are located in the Buckeye state. (Cleveland, Canton, Dayton, Youngstown)

]]> By: Arthur Ham http://paydaypundit.org/2008/08/07/ohio-house-speaker-believes-in-protecting-the-free-market-by-limiting-it/comment-page-1/#comment-901 Arthur Ham Fri, 08 Aug 2008 00:23:53 +0000 http://paydaypundit.org/?p=1163#comment-901 <i>... “cycles of debt” that they have no quantifiable evidence to back up ...</i> Instead of "cycles of debt" let's call it "customer loyalty" when the 10% who are the most frequent borrowers in Florida got at least 19 "emergency" loans during 2007. In Oklahoma the top 10% got at least 21. The most loyal 3646 customers in Oklahoma had more than 26 payday loans during 2007. All of these numbers come from the Veritec Solutions reports, which seem like quantifiable evidence. … “cycles of debt” that they have no quantifiable evidence to back up …

Instead of “cycles of debt” let’s call it “customer loyalty” when the 10% who are the most frequent borrowers in Florida got at least 19 “emergency” loans during 2007. In Oklahoma the top 10% got at least 21. The most loyal 3646 customers in Oklahoma had more than 26 payday loans during 2007. All of these numbers come from the Veritec Solutions reports, which seem like quantifiable evidence.

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