New Law To Lower Interest Rates On Payday Loans In Effect


IN FACT, THEY ARE FORMING A COALITION AGAINST PROPOSALS TO BRING WOLVES TO THE STATE. YOU CAN WATCH MATT’S STORY WITH THEM RIGHT NOW ON OUR WEBSITE, CBSDENVER.COM. PEOPLE GATHERED IN DENVER TODAY TO CELEBRATE THE START OF A NEW LAW THAT WILL LOWER INTEREST RATES ON PAYDAY LOANS. IT LIMITS INTEREST RATES TO 36%, SIGNIFICANTLY LOWER THAN THE 200% WHICH IS WHAT SOME PEOPLE HAVE BEEN PAYING. ADVOCATES ARE SPREADING THE WORD THAT THERE ARE OTHER OPTIONS, INCLUDING SMALL CREDIT UNION LOANS AND FINANCIAL COUNSELING SERVICES. MANY PEOPLE TODAY SAID THOSE PAYDAY LOANS REALLY MADE THEIR TOUGH SITUATIONS EVEN HARDER. THIS ULTIMATELY IS A LOAN THAT I HAD TAKEN OUT. I FIGURED I WOULD BE GIVEN A BIT OF BREATHING ROOM. WHAT I QUICKLY DISCOVERED IS I ACTUALLY JUST CREATED ANOTHER

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