Monthly Archives: March 2019

Ohio’s payday loan ban has people running to pawnshops – Quartz

Until 2008, a cash-strapped customer in Ohio seeking a quick two-week loan from a payday lender could find themselves paying high fees. These unsecured short-term loans – often secured by a post-dated check and rarely exceeding $500 at a time – carried annual percentage rates (APRs) of up to nearly …

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