Responsible customers
March 2, 2010 | Missouri, industry, positive media coverage | Comments (0)QC Holding’s Tom Linafelt hits back at the St. Joe’s (MO) News:
For those who have difficulty meeting their loan obligations, payday lenders offer extended payment plans that provide an additional two months to pay off what was originally a two-week loan, without additional fees.
Proposed Missouri legislation that includes a 36 percent APR cap would eliminate the industry and an estimated 10,000 jobs, $379 million in annual wages, $147 million in tax revenue and more than $20 million in commercial real estate lease payments.
Now is not the time to deny an important credit option for those who need it most, nor is it time to eliminate Missouri jobs.
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