Let me make it clear about No, Florida is not a Model on Payday Lending

In almost any offered 12 months, 12 million Americans take down a quick payday loan, which regularly is sold with a triple-digit interest rate that is annual . And, as four out of each and every five of those borrowers are not in a position to pay for these rates that are usurious millions find yourself saddled with unsustainable financial obligation. But just like a hydra that simply keeps regenerating, payday loan providers frequently spring…