Opposition to payday lending bill


INDIANA STATEHOUSE. THE STATE SENATE ALREADY PASSED THE BILL.. THAT WOULD EXPAND “PAYDAY LENDING” INTEREST RATES ADD TO AS HIGH AS 192- PERCENT. ADD IT WOULD ELIMINATE THE 72-PERCENT CAP.. CURRENTLY IN PLACE. SEVERAL CIVIC GROUPS AND REPRESENTATIVES OF MILITARY AGENCIES.. SPOKE OUT AGAINST THE BILL TODAY.. INCLUDING STEVEN BRAMER. HE’S A “PURPLE HEART” RECIPIENT FROM HAMMOND.. WHO ADMITTED HE’S NOW CAUGHT UP IN THE VICIOUS CYCLE.. OF TRYING TO PAYBACK.. A “PAYDAY LOAN”. “PAYDAY LOANS GOT ME INTO A FAR WORSE SITUATION THAN I WAS INVOLVED IN. IS IT MY FAULT? YES. ALL THE WAY. NOBODY MADE ME GET THE PAYDAY LOAN BUT I ALSO THINK THESE PEOPLE PREYED ON MY MISFORTUNES. WHEN YOU FEEL LIKE YOU HAVE NO OTHER OPTIONS YOU CAN DO DESPERATE THINGS.” BRAMER AND HIS WIFE MEGAN SAY.. THEY BELIEVE THE ONLY PEOPLE.. WHO WOULD PASS THIS KIND OF A LAW.. EXPANDING “PAYDAY LENDING” ARE PEOPLE.. WHO WOULD

Leave a Reply

Your email address will not be published. Required fields are marked *