Let me make it clear about Report: Consumer Protection

Predatory Lending In Lane County Pay day loans are short-term, high rate of interest loans marketed to cash-strapped customers. Customers of these loans borrow secured on their paycheck that is next for a term of 2 weeks, at a collection charge. The payday lender encourages the consumer to pay more fees to “rollover” the loan to extend it for another short term, leading many consumers into a cycle of debt if the consumer is unable…