Pawnshops unite to fight a ban on short term credit
March 27, 2009 | federal legislation, industry, regulation | Comments (3)Senate Bill 500, introduced by Senator Dick Durbin, would eliminate virtually all forms of short-term credit (with the exception of bouncing a check, consumers would still be able to do that). This new website, http://www.SaveMyPawnshop.com, is dedicated to making sure the millions of pawn customers across the country are aware of this legislation.
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Durbin doesn’t know what he is doing..After he shuts down the pawn shops, what are all of these people who need short term loans going to do?
I am 1 payment behind on my mortgage which amounts to 500.00. These people are telling me that they are going to turn the file over to an attorney if I don’t take care of it right now, without the ability to obtain either a Pawn loan or a Payday loan I will get kicked out of my home. Leave us alone, we are doing fine, fix the problems you created then come and talk with me about mine.
When will Americans figure out that Democrats serve their self interest not the people?