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Thursday, April 12, 2007


alfred  estrada

i am complaint against purpose loans that too high intersted rate and high amount payment months that borrowed loan about $300.00 and intersted rate add about $200.00 to $275.00 total is over $500.00 and repay 6 months about $75.00 per month that i did payoff on aug 9th 2007 early start from feb or march. let me know thank you.


This is a good example of why regulating payday loans is not always the best decision. Why is it better to make payday lenders offer 120 day loans at high rates as opposed to 2 week loans at high rates? The shorter loans result in lower actual costs to the borrower.

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