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These statistics are similar in many other states. Which means the borrower pays $400 - $500 in loan fees on a $400 loan. This really is absurd usury and should be illegal because it is not helping anyone except the lender. It is predatory lending at better if just gets borrowers in deeper debt than before."Some will say, that little man should have somewhere to go," said state Rep. Eldridge Emory, "Butif he gets money by doing this, he's just digging an opening deeper and deeper, and he isn't going to get out."Several states like Vermont have currently banned this form of predatory lending. - advances cash personal loan payday loans
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