This year, millions of low-income taxpayers will get good news – they have a tax refund coming. But many of them will opt to get the money instantly with a Refund Anticipation Loan. These loans offer quick money… as well as extremely high interest fees. The Michigan House has just passed a law to regulate these loans. Democratic State Representative Steve Tobocman sponsored the bills. Michigan Radio’s Jack Lessenberry spoke with him.
Please take the time to read recent WSJ story on 'PAYDAY LOANS' industry it is truly evil the nature of what companies are doing in this industry against poor folks...
Posted by: Thrasher | February 25, 2008 at 03:50 PM