We as a citizen of the country have the right to participate in the said discussion about the payday loans. Ohioans speak up or lose your financial freedom! If you rely on payday loans for short-term financial assistance your access to that help could be eliminated if you don’t vote NO on House Bill 545. Ohio banks and credit unions are supporting HB 545 so they can put payday lenders out of business. You’ll have no choice but to turn to the banks when you need a personal loan, and the banks will try to offer you overdraft protection, which of course you will need just in case you overdraft your account. Thing is, people constantly criticize the “monster” 391 percent APR on faxless payday loans, but don’t realized that overdraft protection usually costs over 1,000 percent APR. With that in mind, I think I’d rather get a payday loan than overdraft my account. So vote NO… unless you would like to be taken advantage of by your bank. Plus, if you vote NO on HB 545, you will help your neighbor keep his job, along with 6,000 other people who work in the payday loan industry. Chances are the people that lose their jobs because of HB’s 545 proposed government overregulation will leave Ohio to work and/or live, which will creates a tax and spending-power deficit, when the state’s economy is already struggling. I’m sure the 1,600 empty storefronts will be really attractive to prospective businesses. Or not! If HB 545 passes, Ohio’s economy is going to be even worse off. Read more about HB 545 on the blog at http://ideatreks.wordpress.com/2008/05/01/ohio-house-bill-545/. Vote NO on HB 545 if you want to save Ohio’s economy.
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House Bill 545
We as a citizen of the country have the right to participate in the said discussion about the payday loans. Ohioans speak up or lose your financial freedom! If you rely on payday loans for short-term financial assistance your access to that help could be eliminated if you don’t vote NO on House Bill 545. Ohio banks and credit unions are supporting HB 545 so they can put payday lenders out of business. You’ll have no choice but to turn to the banks when you need a personal loan, and the banks will try to offer you overdraft protection, which of course you will need just in case you overdraft your account. Thing is, people constantly criticize the “monster” 391 percent APR on faxless payday loans, but don’t realized that overdraft protection usually costs over 1,000 percent APR. With that in mind, I think I’d rather get a payday loan than overdraft my account. So vote NO… unless you would like to be taken advantage of by your bank. Plus, if you vote NO on HB 545, you will help your neighbor keep his job, along with 6,000 other people who work in the payday loan industry. Chances are the people that lose their jobs because of HB’s 545 proposed government overregulation will leave Ohio to work and/or live, which will creates a tax and spending-power deficit, when the state’s economy is already struggling. I’m sure the 1,600 empty storefronts will be really attractive to prospective businesses. Or not! If HB 545 passes, Ohio’s economy is going to be even worse off. Read more about HB 545 on the blog at http://ideatreks.wordpress.com/2008/05/01/ohio-house-bill-545/. Vote NO on HB 545 if you want to save Ohio’s economy.
Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/