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Commented on Being Human - A Natural Inhibitor to BPM Adoption?

Most people today are in need of extra income that’s why some of them ay indulge in putting up a business. Of course you still need a capital for your business and if your money is not enough payday loan could help you with that problem. It is just so sad that Tennessee is the next state on the get-rid-of-payday-loans-bandwagon. Payday loans legislation has been making its way through numerous state legislatures and currently Federal as well, and most popular among them is an outright ban on short term loans, cash advances, or whatever you want to call them. The Tennessee bill is for an interest rate cap, capping interest at 36%, tantamount to a death sentence, and despite numerous studies demonstrating that bans do no one any good at all, lobbyists still try and advocate for the bans anyway. Lenders in Tennessee would likely want some credit repair if the state bans lending payday loans.

3 years ago