Ohio’s new cash advance law begins Saturday. What exactly is changing and exactly what this means for you personally

Ohio’s new cash advance law begins Saturday. What exactly is changing and exactly what this means for you personally

High prices can cause a financial obligation trap for customers who find it difficult to settle payments and sign up for payday advances. One out of 10 Ohioans has had away a so called “payday loan,” usually where cash is lent against a postdated check. But beginning Saturday, the payday that is traditional will go away from Ohio, compliment of a law passed away last year meant to split straight down on sky high rates of interest and sneaky costs. Continue reading “Ohio’s new cash advance law begins Saturday. What exactly is changing and exactly what this means for you personally”