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News : Bad Credit Payday Loans


Vote no on payday loan cap

January 15. 2008

On Wednesday, the New Hampshire House will vote on House Bill 267, which would cap interest rates on short-term title and payday loans.

While this might sound like a noble idea, the consequences will be grave for those in New Hampshire who use these services. I work at New England Auto and Payday Loans' Manchester store. If this bill passes, there is a good chance that we will have to close our doors. This would leave our employees without jobs and our customers with nowhere to turn for help. I urge the Legislature to think about the whole picture and vote against this bill.

Source : http://www.cmonitor.com


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