The issue with Issue 5: it would allow payday lenders to keep putting hundreds of thousands of Ohioans in debt by trapping them in loans with 391% interest rate. The larger financial issue in our nation is critical and payday loans will not help people – trapping people into an endless cycle of debt will not help our state in these tough economic times.
Top 5 Reasons to Vote Yes on Issue 5: - Yes on 5 lowers interest rates on payday loans from 391% to 28% annual interest.
- Yes on 5 ensures that loans will still be available for people who need them, but the interest rate is reduced so that it is comparable to the rates charged by credit cards.
- Yes on 5 helps prevent Ohioans desperate for quick cash from falling into a cycle of high-cost loans that they can never pay off.
- Yes on 5 extends the same payday loan protections to all Ohioans that the federal government provides to military families.
- Yes on 5 approves the new laws endorsed by Governor Strickland and the Republican and Democratic leaders of the Ohio Legislature. They believe the state has a fundamental obligation to protect Ohioans from excessive interest rates and defective financial products
Church leaders ask voters to oppose issues
The issue with Issue 5: it would allow payday lenders to keep putting hundreds of thousands of Ohioans in debt by trapping them in loans with 391% interest rate. The larger financial issue in our nation is critical and payday loans will not help people – trapping people into an endless cycle of debt will not help our state in these tough economic times.
Nov. 4th – Vote yes on issue 5! - www.yesonissue5.com
Top 5 Reasons to Vote Yes on Issue 5:
- Yes on 5 lowers interest rates on payday loans from 391% to 28% annual interest.
- Yes on 5 ensures that loans will still be available for people who need them, but the interest rate is reduced so that it is comparable to the rates charged by credit cards.
- Yes on 5 helps prevent Ohioans desperate for quick cash from falling into a cycle of high-cost loans that they can never pay off.
- Yes on 5 extends the same payday loan protections to all Ohioans that the federal government provides to military families.
- Yes on 5 approves the new laws endorsed by Governor Strickland and the Republican and Democratic leaders of the Ohio Legislature. They believe the state has a fundamental obligation to protect Ohioans from excessive interest rates and defective financial products
September 26, 2008 at 2:30 p.m. permalink suggest removal