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Money matters are big deal among the family. During these tough times we need to stretch our tight budget. Proper personal finance and debt management might help. Figure the amount of money you have coming in each month and the amount that is going out. This will give you the amount that you have to play with each month. Apparently, no one in Ohio is smart enough to get that payday lending (supply) is created by a demand (fewer middle class jobs, therefore more poverty) but apparently intelligence is illegal there too, and they've restricted any loan to 28% APR.  Legislatures, even in Ohio, apparently aren't smart enough to know the difference between a financing charge and interest, but whatever.  They're fine with driving out the jobs that are created (most paying over minimum wage) created by payday lending businesses in Ohio, and now more people are going need payday loans that they can't get – therefore making things worse.

posted 2 years, 6 months ago
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