Sep 11 2016

Payday, Title Loans Cost $500M In Fees, Stores Common In Springfield

A current report from the Center for Accountable Lending discovered payday and vehicle title loans have actually cost Ohio customers more than $500 million in charges despite laws enacted in 2008 to curb high rate of interest in the industry. However, supporters for the industry have actually argued the loan providers offer a needed service to clients who typically do not have appropriate access to standard credit and banking services. JEFF GUERINI/STAFF