Would this bill cause payday lending to become unprofitable & no longer exist?
Healthy Person asked: Currently in Ohio, the cap on payday loans is 391%.
In Ohio, Issue 5 on the ballot will put a cap on the interest rates to 28%.
Arguments against this bill suggest that this would make payday lending unprofitable, and therefore cease to exist.
Do you think that theory is true? How likely is it [...]
Who is actually responsible for the subprime lending crisis?
Matthew D asked: Today the band is playing on the deck of our economy, and credit is deadlocked due to sub prime lending.
Is it true that the liberals are responsible, for playing the race card in getting low income persons loans beyond their means?
Or is that just a canard, and are the conservatives actually responsible [...]
How hard is it to get a Mortgage because of Subprime Lending issues?
drp2505 asked: I am looking to purchase my first home in the summer with my brother. We both make very good salaries, but we’re trying to steer towards an 80/20 loan. I was figuring an interest rate somewehere in the 6.5%/8.25% area for the 80/20 respectively. Also, we will both be below [...]
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