http://paydaypundit.org/2010/05/27/we-dont-wish-you-luck/ News and Information About The Payday Lending Industry Fri, 11 Jun 2010 22:59:45 -0700 http://wordpress.org/?v=2.9 hourly 1 http://paydaypundit.org/2010/05/27/we-dont-wish-you-luck/comment-page-1/#comment-10643 Gabriel Rodriguez Thu, 27 May 2010 17:43:06 +0000 http://paydaypundit.org/?p=9442#comment-10643 I believe that the States which cap APR%'s and fees at 36% should put THEIR money where their mouth is! If 36% is actually enough to run a business on, then the State should be required to open up "X" amount of State funded short-term loan centers which operate within of their own restrictive legislation. Then we'll see how impossible it is to lend out $100 for a mere $1.38 and keep the doors open! I believe that the States which cap APR%’s and fees at 36% should put THEIR money where their mouth is! If 36% is actually enough to run a business on, then the State should be required to open up “X” amount of State funded short-term loan centers which operate within of their own restrictive legislation. Then we’ll see how impossible it is to lend out $100 for a mere $1.38 and keep the doors open!

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