Archiv der Kategorie: cash central code

Moorhead councilwoman leads fee to get rid of ‚vicious period‘ of pay day loans

Moorhead councilwoman leads fee to get rid of ‚vicious period‘ of pay day loans

MOORHEAD — Moorhead City Councilwoman Heidi Durand says it is time to stop payday loans that typically charge triple-digit rates of interest.

She asked the town’s Human Rights Commission Wednesday, Feb. 19, to aid state legislation that could seriously reduce rates of interest or to back a city that is possible to restrict prices.

Durand said the „working poor or perhaps the many financially strapped or susceptible“ are taking right out vast amounts of such loans in Clay County, including as much as thousands of dollars in interest re payments and charges taken out of the economy that is local. Moorhead councilwoman leads fee to get rid of ‚vicious period‘ of pay day loans weiterlesen