About stimulus checks & delays: Quick-loan stores must not take advantage
A quick post about quick attention to stop quick-loan shops from making money off life-saving checks that may be in the mail soon:
Let's not allow usurious quick-lending firms from luring in unsophisticated borrowers whose delayed stimulus check
could become become worthless - - or the course of a bad, burdensome new debt - - if hard-pressed borrowers essentially mortgage them in advance.
Current Wisconsin law allows inters rates on the loans to exceed 500%.
And, yes, I get the advertisers;-free speech protections - - so Wisconsin legislators involved in these issues - - editorial boards and other policy-makers: can you at least raise awareness even though GOP-led scheduled sessions are nearly done with scheduled sessions for the year - - before vital federal government intentions in the form of checks-in-the-mail get canceled by predatory lending?
Let's not allow usurious quick-lending firms from luring in unsophisticated borrowers whose delayed stimulus check
could become become worthless - - or the course of a bad, burdensome new debt - - if hard-pressed borrowers essentially mortgage them in advance.
Current Wisconsin law allows inters rates on the loans to exceed 500%.
And, yes, I get the advertisers;-free speech protections - - so Wisconsin legislators involved in these issues - - editorial boards and other policy-makers: can you at least raise awareness even though GOP-led scheduled sessions are nearly done with scheduled sessions for the year - - before vital federal government intentions in the form of checks-in-the-mail get canceled by predatory lending?
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