Predatory Lending Landscape

After the passage through of Proposition 111, effortlessly capping rates of interest and charges on payday advances at 36 percent, Colorado is getting into a era that is new. Our state has accompanied the ranks of 16 other states plus the District of Columbia with either price caps or bans that are complete to prevent individuals from entering a financial obligation trap through pay day loan products. As more states prohibit shockingly interest that is high, individuals are spending less, finding better methods to restricted income, consequently they are avoiding long-lasting monetary pitfalls like bankruptcy. Read More