Originally Posted by media

Payday loan places can compound interest here DAILY, which roughly works out to about 300% interest per year... a fucking killer racket... they are trying to get restrictions put on the payday loan market here...

A $300 loan needs $100 paid off in less than 2 weeks to eliminate the interest and filing fees for just that 2 week period... + late fees n shit like that... your loan ends up being a severe ass raping..