Viewpoint: Escaping your debt trap. Finally, you should observe that this bill, as well as its numerous flaws, is totally redundant.
Viewpoint: Escaping your debt trap. Finally, you should observe that this bill, as well as its numerous flaws, is totally redundant. Michigan home Bill 5097 would “authorize certified providers of deferred service that is present to be sure little loans.” Put simply, the balance would expand payday financial loans for consumers. Payday advances, short-term, high-cost financial loans, have already been justifiably criticized given that favored device of predatory loan providers: a lending choice that usually traps families and people in a [...]
