The state shouldn’t get in the way if someone decides to take out a particular loan.

The state shouldn’t get in the way if someone decides to take out a particular loan.

“There’s a misunderstanding of whom the borrower that is average,” said Roger Salazar, spokesman for Californians for Credit Access, a coalition of little loan loan providers. “They’re working folks who will be smart and determine what the merchandise is.”

Some borrowers spoke against Limón’s bill, arguing that high cost loans, though expensive, helped them weather difficult financial times at an Assembly committee hearing last month.

But other borrowers report being stunned because of the cost that is steep of loans. (بیشتر…)