Payday Loan Laws May Be Suject To Constitutional Attack
Date: Wed, 10/18/2006 - 18:05
The State trial court said that the law discriminated against other lenders who could not charge such large interest rates.
This same Constitutional argument could be raised against every Pay Day Loand Law in the Country.
That is Great news. I think this is one of the cases Langhorne L
That is Great news. I think this is one of the cases Langhorne Law was watching that said it could go either way. Thanks for the news! Marcia Brady's Lovechile, is this one of the cases you said to be watching which had the potential to help with the laws regarding pdls?
You guys ever thought of preventing fees by paying things on tim
You guys ever thought of preventing fees by paying things on time? Just a thought...
RW, just a thought..............The point in changing the law is
RW, just a thought..............The point in changing the law is because these companies are taking advantage of those who are limited in their credit choices (could be due to bad credit, low income, or no credit history at all), whatever the individual's reason for being credit limited is really of nobody's concern, it is a private matter, the point is this....They exploit and take advantage of them when in vulnerable/desparate situation due to the lack of choices by charging outrageious interest rates and in the case of internet pdls, illegal interest rates/roll overs. And it sounds as if you are blessed with being in a financial situation that prevents you from utilizing these services in the time of need, but that doesn't give you the right to place judgement on those who are unable to pay on time. It is impossible sometimes to pay these off due to the high interest rate charges, internet pdls make it impossible to contact them to pay off the loans, etc......So it is necessary to pass laws to protect consumers from these loan sharks.
Wow, RW its you again. My day keeps getting better and better.
Wow, RW its you again. My day keeps getting better and better. You make so much sense too...NOT
RW, the point is that even if you pay them on time, you're still
RW, the point is that even if you pay them on time, you're still going to incur the fees! It doesn't make a difference.