Get rid of them all, they are just a form of legalized loan sharking.

Down with loan sharks. Loaning money is fine, 391% interest is not fine. Whatever happened to the usury laws we used to have? Some greedy legislators must have been bought off by the shady loan industry. Time to change the laws back, I say.

Vote yes on Issue 5. Obama-Biden '08, before it's too late.

Citing 391% APR is really inaccurate since payday loans are designed and intended to be 2 WEEK LOANS. Yes, I know it's required by law to state the annual interest rate on all contracts. But in this case when it relates to Payday Loans, it only causes immense confusion. People latch on to 391% instead of reviewing and understanding the WHOLE story.

It's $15 per $100 borrowed, so 15%. Quite reasonable actually. Much better than bouncing a check at $25-35 a pop and incurring a daily fee of $5-15 too. Or being late on a rent or mortgage payment. Or going without gas or food or utilities until the next paycheck.

I work hard for my money– If I make the decision to spend it all on booze and alcohol— no one can stop me. And those two vices can KILL me!!! If I want to blow it all on a trip to the casino or playing the lottery– no one can stop me. And in fact Gov Strickland would encourage me to do just that!! But according to the Ohio General Assembly, if I need a small loan to tide me over until next payday to cover my gas, food, utilities, etc expenses– I am not allowed to do that. What incredible IRONY!!!

I completely agree with this statement "....legislation like this stems from people with high ideals but NO idea about reality, or economics." The Ohio General Assembly is so FAR out of touch with the typical Ohioan's concerns, needs, issues, it's disturbing.

VOTE NO on Issue 5-- My $$, My CHOICE!!

Why shouldn't these lenders be subject to the same laws as other lenders in Ohio and be subject to the same federal truth and lending act and admendments from 1976.

"Bowower beware" is a pretty weak statement when these lenders are badgering you to sign the loans papers when they are telling you they are the last resort for the bowower. These make all of their money in no traditional loans and they make the bowower pay for their service. A pawn shop is actually better lender than these PayDay Lenders. These PayDay lenders need to be investigated to see if they are taking all of their fees and interest out up front first. This practice is called the "rules of 70", which means the bowower is paying for all of the interest and fees first then pay on the principle of the loan. This activity was barred through Federal and State legislation. So, consequently the bowower takes longer to pay off the loan all the while the PayDay lender continues to "rape" the bowower. These loan companies need to abide to the laws of Ohio and the Federal Government so they play fair with peoples lives. If the new law on the books don't allow these PayDay Lenders to continue as before and they have to close or layoff as many as 6,000 (that is their claim) so be it. PayDay needs to clean up their act and follow the law or close. Another company will take their place in the market more willing to follow the law!!!

The biggest issue I have with these PDL's is for exapmle; why must there be 5 of them in a city block. What did people do before PDL's?? Perhaps work a second job? Do odd jobs for extra cash? We do not need the legalized loan sharks nor what they portray the neighborhoods that they reside in to be. I hope they all shut down and move on!

Ummm, Mark-- we are following the current law that the Ohio General Assembly passed a number of years ago. So it's not like we are operating "illegally" or unregulated.

And for all you critics--- eliminating payday lenders will not ELIMINATE the need for short term loans. I'd like to know how you plan on solving that issue..... since NOT ONE CREDIT UNION or BANK has vocalized their desire to offer similiar short term loans if this "law" is passed. So tell me, what happens to Ohioans then??

AHA! Casey is actually one of them. I thought his/her answer was verbatim payday loan industry talking points. Ohio is certainly not the first state to impose an interest cap. What is happening in those states, Casey? Are you still operating there?

If people want/need to use PDL, it is their choice.

Yup-- I most certainly am a PROUD employee of the Payday Industry.

I am not closely following the Arizona battle. However, I can state that when Georgia and North Carolina passed similiar legislature, it did nothing but HURT their state, according to research conducted by the Federal Reserve Bank.

Terry, your remark doesnt surprise me. you'd know nothing about business if you're voting for a president that is going to appoint the CEO of Freddie Mac (who RAN it into the ground) as our Secretary of Treasury--who will be in control and divvy out the 700 billion that was just passed.
Mark--Read ORC 1315--there is a law in place for financial caps on check cashing businesses . Can you site what state laws Banks and Credit cards must abide by? Ever done the calculations on what you're charged when you bounce a check, or pay one day late on your 100 balance with a credit card?
Sharen, As an employee that works in the industry my support/Casey's support only solidifies the in depth knowledge we have. if we are supportive of it with behind the scenes knowledge, it only strengthens our points.
As for the other states? NO business can operate with that restriction as it costs payday lenders to loan at 28% per ANNUM. The actual profit is $1.08 before overhead, such as the paper the contract is printed on. Its not feasible and any state that has restricted the interest rates No longer has that financial option available to them because the lenders were forced to shut down. Colorado just struck this down, because they didnt want to see their unemployment / bankruptcy/ crime rates increase. Neither do I. VOTE NO ON ISSUE 5!

Casey,

Can you spell out APR (specifically, the "A") and then check your argument again? You smack of a PDL-connected poster posing as an average citizen. Get your slum storefronts out of our neighborhoods.

Casey, I obviously posted before reading the rest of what you had to say. That said, get your stores out of our neighborhoods. You could spend hours and hours on this board and send countless surrogates such as Mr Gloyd around the state and it won't matter a bit. Issue 5 will pass and state loud and clear that your service is not valued in the State of Ohio.

Umm, Jason ---- your ignorance and contempt is showing.
APR is ANNUAL/52 weeks . However you have just helped me prove my point... Payday Loans are 2 WEEK LOANS, so to equate them with APR is incorrect and misleading.

Go into a store today, borrow $100, you will be required in 2 weeks to pay back $115. Which is 15%. FACT!!

Vote NO on Issue 5!!

These loan places go into neighborhoods that NO ONE else wants any part of.

Wow-- so now you speak for everyone in the state of Ohio Jason? I missed the memo that said you were the judge and jury regarding this.

Get off your high horse and answer my previous question..." And for all you critics--- eliminating payday lenders will not ELIMINATE the need for short term loans. I'd like to know how you plan on solving that issue..... since NOT ONE CREDIT UNION or BANK has vocalized their desire to offer similiar short term loans if this "law" is passed. So tell me, what happens to Ohioans then??"

I'm waiting with bated breath for your response.....

Jason,
I guess you agree with Bill Harris, He said he hopes that when this ability to loan is eliminated, people will just not loan when in need. That's a hoot. I hope you don't have credit cards, home loans,auto loans, or any lines of credit extended to you right now if you think loaning is "slummy'. You have ALL the cash you need to buy homes outright, and for any emergencies. Wow, guess the government needs to talk to YOU about the bailout plan!
Get real.
VOTE NO ON ISSUE 5, PRESERVE OPTIONS, CHOICES, FREEDOM
www.ohioans4financialfreedom.com

"More people than expected lined up at the unemployment lines last week and orders to U.S. factories plunged by the largest amount in two years, according to government data released Thursday.
New applications for unemployment benefits rose slightly last week to a seven-year high due to a weakening economy and the impact of Hurricanes Ike and Gustav, the Labor Department said Thursday."

But yet, let's further turn the state of Ohio *which has a higher unemployment rate than the Nation* upside down by eliminating viable financial options for Ohioans. Good plan.... NOT SO MUCH!!

Preserve your right to spend and control your OWN MONEY, Vote NO on Issue 5

from yahoo.com today----
"The financial crisis will likely cause greater job cuts in the coming months. Several large, troubled banks have been bought by competitors and layoffs are likely.

Citigroup Inc. on Monday purchased Wachovia Corp., which had about 120,000 employees. JPMorgan Chase & Co. last week bought Seattle-based Washington Mutual, which employed roughly 43,000.

Several companies have announced layoffs in the past week, including aluminum company Alcoa Inc., auto retailer CarMax, Inc. and chicken producer Pilgrim's Pride Corp."

For Ohio-- let's add DHL/ABX, GM in Dayton, Ford in Batavia and all the payday employees (6000 of them)... to the mix. And let's then decide to do away with Payday options too. And tighten credit for businesses and individuals.
RESULT--- we continue to fall deeper into a financial and economic mess, the likes we have never seen since the Great Depression.

Casey,

http://www.federalreserve.gov/Pubs/shop/

"What are the APRs?

The annual percentage rate--APR--is the way of stating the interest rate you will pay if you carry over a balance, take out a cash advance, or transfer a balance from another card. The APR states the interest rate as a yearly rate."

You can brush up on this when you lose you PDL job. And I don't speak for the citizens of Ohio. I speak with the majority of Ohioans who will be sending you home. That is, unless you can straighten out your operations to live off of a capped rate. Even you know your issue is a loser or else you wouldn't frame it as "job killing" or "Big Brother" bill. You are too scared to take your fight as it truly is.

Tara,

Wow, great tangents, but try addressing the real argument.

Tim,

They don't help the neighborhoods thrive. They pay the same taxes to the city whether it's on South Arlington Rd or White Pond (those are dichotomous streets here in Akron for the No on 5 trolls populating this board). They locate there because that's where they can hand out loans. I agree that's a function of a normal marketplace, but the societal negatives outweigh your right to earn cash in this manner.

Casey,

Nice fear-mongering. Go update your resume.

Someone needs to go back to college and take Finance 101.

Many people that take those loans get trapped, and they come back bi-weekly, taking the same loan. They will pay $1950 in fees, per year to float an average $500 loan.

Still think it is only 15%?

Your personal attacks are amusing to me. You have not a clue who I am or my position, all I said I was a PD employee.

Your holier than thou opinion is aggravating, frustrating and small minded.

"What are the APRs?
The annual percentage rate--APR--is the way of stating the interest rate you will pay if you carry over a balance, take out a cash advance, or transfer a balance from another card. The APR states the interest rate as a yearly rate."
No arguement from me on that.

HOWEVER.....A 2 WEEK PAYDAY LOAN IS NOT THE SAME!! And for some reason you seem to have a very difficult time understanding that!

VOTE NO on ISSUE 5!!!!!

Hmmmm, Sounds like you all need a little education and factual info about the PD Industry...

Some ACTUAL COLD HARD FACTS folks—
“In truth, the typical payday advance customer represents the lion’s share of America’s middle class. A typical payday loan customer is a hard working, family raising adult who does not have savings or disposable income to use as a safety net when an unexpected expense occurs.

Here are the facts:

1)The majority of payday advance customers earn between $25,000 and $50,000 annually;

2)Sixty-eight percent are under 45 years old; only 4 percent are over 65, compared to 20 percent of the population;

3)Ninety-four percent have a high school diploma or better, with 56 percent having some college or a degree;

4)Forty-two percent own their own homes;

5)The majority are married and 64 percent have children in the household; and,

6) One hundred percent (100%!!!!!!!) have steady incomes and active checking accounts, both of which are required to receive a payday advance.” (Source- PD Facts)


*** VOTE NO on ISSUE 5!!! ***

Hey " " since you cannot use a real name.
They aren't tangents, it all goes hand in hand. Whatever your stance, this issue will ELIMINATE a financial option. PERIOD. Who cares if YOU don't want to use it? Some people dont want to smoke--but cigarettes are for sale--should we ban those too because you know--I heard they KILL people...NO, its a choice. I CHOOSE to have a CHOICE, therefore I will be VOTING NO ON ISSUE 5.
Preserve OPTIONS CHOICES FREEDOM
www.ohioans4financialfreedom.com

Casey,

No, you are not understanding that. They get their money back in two weeks and then make 26 loans per year as opposed to a theoretical one-yr loan used for the APR. You are engaging in spin to avoid the facts. Facts are not on your side on this issue, hence your fighting the issue for phantom reasons. Update your resume.

Tara,

The "" is me. You'll have to take it up with ohio.com as to why it doesn't show up. I repeat to you as well, why don't you argue this point for what it is as opposed to "job killing" and "big brother?" Answer: few would side with you. Choose all you want, Issue 5 is passing and your time and money spent trying to stop it won't work.

Yes on Five.... because scum-sucking bottom feeders are for fish tanks, not lending.

No one still answered the question, before PDL's whre around, what did people do? So, when they are gone, resort back to before they were here. PDL's are a crock of s h i t!!

Jason-- you are not able to comprehend a simple question I've asked 2X now....

Get off your high horse and answer my previous question..." And for all you critics--- eliminating payday lenders will not ELIMINATE the need for short term loans. I'd like to know how you plan on solving that issue..... since NOT ONE CREDIT UNION or BANK has vocalized their desire to offer similiar short term loans if this "law" is passed. So tell me, what happens to Ohioans then??"

What happened to Ohioans before?

What is an absolute crock is that for some reason all of you feel you can better manage my money and thousands of Ohioans.

Resort back to the way things were before... what an idealistic unrealistic view!!

Before the PDL's what did you or anyone else do before when "needed" a loan? So, put that same thing into effect.

Casey,

I comprehend it, but it doesn't matter because, since there is a market need for short-term loans as evidenced by your existence up through Nov 4, basic economics states that someone will fill the need. Possible candidates include credit unions and/or banks expanding to offer the product. Other current options include credit cards and peer-to-peer lending sites such as prosper.com. Alternate possibilities include you greaseballs finding a loophole in the new legislation.

Update your resume.

Casey - what you fail to tell people is that you say it's a 2 week loan, but when the PDL extends the loan (because the person who took the loan out can't afford to pay it back) they charge yet another fee on top of the fees already incurred. The person doesn't get anymore money, still has the same $100 loan, but is now paying the same fees again. It can be an endless cycle where a $100 loan can now end up costing the person hundreds and hundreds of dollars. The fact remains that PDLs prey on low income folks who feel they have no other options and they wind up worse off than they were before. I live in NC. The stats they gave here about PDLs and what they do to people were not only alarming, but they were pitiful. This state has not hurt from the elimination of PDLs. You can visit the attorney general's website for that information. No one benefits from PDLs but the PDL company. I realize it's your job and of course you are going to defend it. I am sure mob hit men talk up their jobs too.

FACT--- If you go into a payday store TODAY and borrow $100, in 2 weeks you will pay back $115. That's 15% folks, not 391%. Which is WAY cheaper than bounced check fees, a late rent/credit card/auto or mortgage fee. And it's sure as heck is better than going without gas, food or utilities until next payday.

FACT--- Our economy is in the toilet. We unfortunately lead the nation in some alarming stats-- unemployment rate, foreclosures, businesses leaving Ohio, gas prices, cities struggling, etc.

FACT--- have any of you read the Federal Reserve Bank's research regarding the effects the new payday legislation had on Georgia and North Carolina's economy? http://www.newyorkfed.org/research/staff_reports/sr309.pdf

JENNIFER----- A few statements from the research....."Compared with households in states where payday lending is permitted, hosueholds in Georgia have bounced more checks, complained more to the Federal Trade Commission about lenders and debt collectors, and filed for Chapter 7 bankruptcy at a higher rate. North Carolina households have faired about the same."

".... payday credit is preferable to substitutes such as the bounced-check 'protection' sold by credit unions and banks or loans from pawnshops."

So, basically Ohio will be in a worse financial state then we currently are in if this ridiculous "law" passes in Nov!!! Oh wonderful.....

Payday loans are not intended to trap people into successive loans.... if the consumer chooses to use them in that manner... that is THEIR business, but MOST DO NOT!!!

And it's just as if someone decided to run up their Visa--- that's their choice, even though I may not agree or manage my $$ that way. Or maybe spend a significant portion of their $ on cigarettes or gambling.... who am I, who are you or the Ohio General Assembly to tell me as an adult what I can spend my money on???

********VOTE NO on ISSUE 5-- preserve financial options*******

If this "law" passes, make no mistake EVERY Ohioan will feel the effect, negatively. It will trickle down to cutting state sponsored programs, higher prices on basic household items/food, higher unemployment, more foreclosures, higher taxes to cover loss, etc.

First--- 6000 employees will be w/out jobs. And given the state of our current economy a good majority of these employees will need: job assistance, daycare vouchers, medical insurance, housing assistance, food stamps, etc. And oh yeah they can all file for Unemployment too.

Second, the landlords and vendors that service the payday stores will feel the pinch as well. In case you haven't noticed, there is already lots of retail space available for rent across Ohio. Just add another 1600 stores and let's see what happens. Electricity/gas and water companies will also feel the decrease in usage too. And the other vendors--- Office Depot for supplies, Signage companies, etc.

Lastly, the effect will have a HORRIBLE effect on the folks that need a service like this available to them.

If I'm a single mom and my shift got cut this week, but I still need to pay rent, gas and for food and could really use $100 to cover weekly my expenses. But I will have nowhere to turn. No one that will be willing to loan me $100 for the short term. So I'll have to a make a hard choice-- rent, gas or food? If I don't pay all my rent on time-- I'll get hit with a late fee. If I don't pay it at all, I will be evicted. If I cant get gas, I won't be able to get to work or take the kids to school. Well, I guess we'll give up food this week.

That's just one scenario that could very easily become a full fledged reality here in Ohio and it scares me to death!!
It should also frighten you!!!

VOTE NO ON ISSUE 5

Casey, level with us. All this stuff you're spouting out means nothing to you. You only care that you're going to lose your job if this issue passes.

If I had to guess though, I'd say it's going to pass. The only people who would be against the issue would be those in the payday loan industry itself, and those who are actively using the industry. If I had to make a guess, those two groups are very much in the minority.

I have no problem admitting who I am, what I do or who I work for.... I am a PROUD employee of one the largest Payday Lenders in Ohio. I have been employed here in different capacities for over 4 1/2 years, and I LOVE my job. Do I want to lose it, especially in this fragile economy??? HECK NO!! But truly I recognize Issue 5 is bigger than me and my job.

I am more passionate about protecting Ohioans from the intrusion of the state government into their personal finances. And I find it rather ironic that the Ohio General Assembly who has created a deficit of over 60 MILLION dollars!!!!, is telling me what I can and can't do with my money. I'm sure they'd rather I spent it at the proposed casino in Wilmington, or on keno or the Ohio State Lottery. At least with a pday loan I am guaranteed to get something in return for the fees charged.

We need to get the correct, accurate, truthful info about what is truly at stake to ALL Ohioans, so they understand the consequences and reprecussions this "law" will have on the state of Ohio!!!

VOTE NO on Issue 5!!

Vote Yes on Issue 5! The payday loan sharks don't care about anything but their own profits. We don't need people like them who just prey on people who can't afford to pay 400% interest. That's an outrage, and it's time to make the pay day industry treat people fairly.

Yes on Issue 5!

“On average, the nation’s five publicly traded payday lending companies earn a 6.6 percent profit on their income. To help put this in perspective, IHOP Corp., otherwise known as the International House of Pancakes, earns a profit margin of 12.6 percent. Is IHOP gouging Americans’ wallets with their Belgian waffles, omelets, and blueberry pancakes? The restaurant industry is commonly said to have “razor-thin profit margins,” yet payday lending companies EARN HALF! of what this well-known chain brings in.

When compared to traditional banks, payday lenders’ profits are MEASLY (emphasis added). The average profit margin of the top 10 banking holding companies in the United States is 18.5 percent. Traditional banks earn far higher profit margins on late charges, bounced checks fees, ATM fees, over-draft protection, and credit card balances than what payday lenders earn on their regular fees. The bank profits come from charges most people don’t think twice about paying nearly every day. But again, no one is accusing the traditional banks with overcharging Americans.” (Source- PD Facts)

VOTE NO!!!!

Newsflash Joe---
a Quinnipiac University poll found that 84% of Ohioans do not want the state to meddle in their finances. Gee that certainly seems like an overwhelming MAJORITY to me!! Not just employees or those that use the services--- bottom line my money is MY MONEY. I want to make my own decisions about how I spend it.

The Ohio General Assembly is not in control of their own pocketbook (60M deficit!!) so I'm pretty darn sure I don't want them managing mine!!

VOTE NO on Issue 5!!!!

Consenting adults have the right to spend their money as they see fit. Without any input from the government. Or pretty soon, the govt will be limiting other financial options and civil liberties all under the guise of punishing the MAJORITY for the actions of the MINORITY!!!

Definitely some Payday Loan companies are better then others. Some payday loan websites are simply lead generators, who take your information and sell it to the highest bidder. Then you get a call from a company you've never heard of, whose interest rates, rules and laws they are governed by, may not be the same.

SpotYa.com has the lowest interest rates online. We are not lead generators, and we are very careful with who we loan money too. We really do look for Good People with Bad Credit.

Yes, the interest rate is high, if you expand a 2 or 3 week loan, into a 52 week loan.

Our loans are from payday to payday. So, if you get paid twice a month, you have until your second payday to repay the loan, which can be several weeks, with the same charge of $15.

It's a shame that we go so far out of our way to protect our clients and some companies do the opposite.

SpotYa.com has very stringent guidelines about who we lend too. We strictly follow each law in every state we service. We never setup a client for failure.

If a client can't repay the short term loan, then we lose money. So, making good loans is in the best interest of the client, and our bottom line.

We ensure that the client understands the laws, and we always work with our clients, setting up reasonable payment plans, if they run into further trouble.

Typically we come in when our client needs a little money and the cost of bouncing a check would be more than our interest rate. Also, our interest extends from paycheck to paycheck. So, people who get paid weekly would pay a little more than someone that got paid bi-monthly.

A large majority of our first time clients, become regular clients. This is because they trust us to take care of them. Oh, and we NEVER loan to members of the Military.

SpotYa.com Helps Good People with Bad Credit. Read for yourself at: http://www.spotya.com/about-us.html

WOW, this is so silly I live in Mason Ohio,the average home here Jason is 350,000 there are two payday loan stores and they look like normal businesses.Jason you dont speak for me or anybody I know.Your ignorance of the issue just drives home the point people should be able to make there own decisions when it comes to finance,or somebody like Jason could be telling you how to spend your money.Freedom of financial choice is the most basic freedom and we need to protect it at all costs VOTE NO ON 5.......LET JASON GET BACK TO COMIC BOOKS AND XBOX....PEACE LOVE!

The rate IS 391 percent because very few people actually only get a $100 loan once a year for two weeks only. The more likely scenario is a recurring $250 every two or three weeks, paying a fee EVERY time. If poor people only needed a PDL once or twice a year, like these companies seem to claim, they wouldn't have enough traffic to sustain business. These "lenders" are the absolute scum of society and are part of the problem, not part of the solution.

The payday lenders are mounting one of the most dishonest campaigns of the season - their ads don't even mention that Issue 5 deals with payday lending. The payday lobby (Tara and Casey included) are in Ohio to protect their billions in profits made off the backs of working folks in Ohio. In 1996, our legislature enabled the payday lending product and exempted payday lenders (and only payday lenders) from Ohio's usury laws. Now that we've seen millions of people trapped in debt, hundreds of thousands per year trapped, it's time we vote yes on issue 5 for some reasonable regulation of a reckless lending industry! Being trapped in a never ending cycle of debt, going from one payday loan store to pay off a loan from another and another does not amount to financial freedom! End the debt trap! Vote yes on issue 5!

John, your rhetoric is getting old, and we are getting REAL. What happens when you are a single mom making 11 bucks an hour and your car breaks down? What happens with the increase in energy costs, you receive your doubled energy bill you weren't expecting? How about your child gets ill, and you need medicine for him? What do YOU do? Pay the 29$ NSF fee on EACH bounced check? Pay the over the limit fees or late fees on your credit card? or do you pay 15 bucks for a 100 to get you by? Not everyone has friends and family that can help, and its about having the OPTION available. We ARE heading for a depression, you may feel stable now John, but what if things change for you? Don't you prefer to have an option if necessary? You probably cannot speak on behalf of single mothers, or lower to middleclass working families, and that is why you support eliminating jobs and options. Not Me, I CAN speak from the standpoint of a single mom, I understand hard times. I am not receiving a fraction of a percent of a percent of any billion dollar profit, I simply understand business, and this is a good one. We are Americans with choices and freedom, I prefer not to have the government (that just BORROWED 700 Billion that we will pay back for them) tell ME what I can do. VOTE NO ON ISSUE 5
www.ohioans4financialfreedom.com

I have stated sources, facts and truth... I'd like instead of the opinion for others to do the same. Debating is about providing factual info, not your self-serving small minded "opinion" or view.

"These "lenders" are the absolute scum of society and are part of the problem, not part of the solution." Really?? Interesting comment Bill... but again ONLY YOUR OPINION!! There are thousands who do not share that self righteous perspective.

Let Ohioans decide on Nov 4th!! VOTE NO on ISSUE 5

My comments keep getting deleted...Guess thats because they are hard to argue with,...ya know --Facts? Its sick that you cannot even respectfully debate because the bias that have control and fear the truth will come out can simply delete a comment for that reason.

Casey,

Wow, still going? Have you figured out how to calculate an APR (A for annual) yet?

Update your resume.


Darren,

Nice script. Your passion for this losing issue reveals you as industry honk.


Yes on 5. Let's force Darren and Casey to get real jobs.

Tara,

Quit whining and stock up on boxes of tissues for Nov 4.

Jason--- get a life buddy!

Oh and Jason---please tell me what exactly my job/position is since you said I need to get a "real one" according to you..... OMG-- now that's hysterical!!!


VOTE NO on ISSUE 5

PD loans are located in poor neighborhoods because they cannot be stolen from - like, a grocery store for instance. No business in their right mind would go into these slums only to see the people steal everything that is not nailed down. When people say get them out of our neighborhood - just what do they think will replace them. Maybe another Taco Bell.

Casey, you can get a cashier job anywhere. No to payday lending institutions.

Felicia---

You are a freaking moron--- who said I was a cashier? LOL--- that was amusing and incredibly stupid since you know NOTHING about me!! Thanks for the chuckle though... SERIOUSLY!

VOTE NO on ISSUE 5

Casey--Obviously Jason and anonymous are intellectually bankrupt and have no other valid opinions than finger pointing and name calling. WHOOO CARES?
Vote NO on issue 5, preserve OPTIONS in our crippled economy, preserve CHOICES, in case you run into financial hardship, preserve FREEDOM, we dont need the government telling us how to spend out money.
VOTE NO ON 5
www.ohioans4financialfreedom.com

I am the former owner of 5 pdl stores. i decided to close them when hb545 was signed by the governer. 3 of my stores averaged about 4-5k net profit/month. 1 of the stores did not break even. my best store netted approx. 12k month. i had over 600k invested in the entire operation. we are still trying to collect approx 75k of bad debt that we consider collectible. it is a lot of work to run a store. you have to be able to withstand some loss before you become profitable and have a high tolerance for bad debt. many customers take out 1 loan and never pay you. this drives up your cost of doing business. we charged 12.50 per 100 loaned. its not the liscence to print money that it is made out to be.

On Wednesday, October 14, 2008, the eyes of the world were fixed on Hempstead, New York and the third and final U.S. Presidential Debate. Sen. Barack Obama of Illinois entered the arena with an eight-point lead according to an average of national polls as compiled by CNN, and it appeared that he was content to sit on that lead. Sen. John McCain of Arizona took advantage of Obama’s laurel resting and brought the fight to him regarding the younger candidate’s policies, judgment and qualities of character. When Obama did adopt a more critical stance regarding the economic policies of the past eight years, McCain was quick to point out that he is “not President Bush.” He stated that he would enact an “across the board spending freeze,” take a hatchet to some programs and use a scalpel on the remainder once the dust settled. Obama’s stance sounded more conservative; he would “go through the federal budget page by page, line by line” in order to close programs that aren’t working as they should. Both candidates claim their economic plans will bring needed change to a broken America, but will it leave consumers with the ability to choose where and when they’ll have access to payday loans? That remains to be seen. Just because Americans see themselves as living in “the land of the free” doesn’t mean that interest groups (i.e. banks and credit unions) want them to have the freedom to choose.Post Courtesy of Personal Money StoreProfessional Blogging TeamFeed Back: 1-866-641-3406Home: http://personalmoneystore.com/NoFaxPaydayLoans.htmlBlog: http://personalmoneystore.com/moneyblog/