Payday loan individuals, strained by the triple-shape interest rates, apparently fall behind for the purchasing most other expense, defer purchasing having medical care and you may go broke. They are also very often individuals of color.
Display All the revealing choices for: Hang hard, Illinois, and you can cap interest levels towards payday loans at 36%
Gov. J.B. Pritzker is anticipated to help you sign brand new Predatory Mortgage Reduction Work, a statement capping rates of interest into short funds to help you high-exposure consumers. Continue reading “Hang hard, Illinois, and you will cover interest levels to the payday loans at thirty-six%”