Category: top payday loans companies

Springfield coalition will continue to focus on payday lending

Springfield coalition will continue to focus on payday lending

Opponents of payday loan providers held a gathering in Springfield yesterday to sound help for yearly caps on rates of interest for short-term loans.

Susan Schmalzbauer, the Faith Voices of Southwest Missouri Congregational Coordinator, stated a bill within the legislature would make such loans more manageable for borrowers.

“Missouri Faith Voices supports Lynn Morris’s bill to cap the price at 36%, all charges included, using the APR at 36per cent,” said Schmalzbauer.…