Wednesday, March 01, 2006

Payday Lenders Shut Down in North Carolina

News reports out of Charlotte North Carolina indicate that Payday loan companies in that state have been effectively shut down by the State.

This is a significant victory for consumers as the practice of payday loans tend to prey on those who can least affort the high intrest rates charged by these firms.

I guess the loansharks will be happy now that their competition has been eliminated
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