Did you know that in 2008 Ohio voted that payday loans are illegal?
But guess what?
The payday loan industry is doing just fine in Ohio, in fact they are thriving.
How can that be?
Well the law makers created loopholes that the payday loan companies take full advantage of plus they are not enforcing the law.
So what’s the point of even voting to have payday loans illegal if no one is going to do anything about it?
Well the main reason is the legislative community does not want to cut off the pipeline of contribution money flowing into their coffers. To the tune of $465,000 in the last 4 years.
And with so much money that has changed hands and so many promises that have been made in exchange for these contributions
And any law makers who try to change things find they get stonewalled at ever turn and forget about getting anything passed into law.
It seems pretty straight forward to me: simply enforce the law!! Duh
But with all the loopholes that have been creates over the years – that won’t even work. What’s need is a complete overhaul to put things right.
But there again that won’t work either, because the current law makers will never make that happen.
So I guess it’s true “If you have the money, you make the rules.”
Hey if you’re trapped in payday loan debt and think there is no way out, give us a call we can help.
We can start getting you out of your payday loan debt in as little as 2 hours. The call is free and the consultation if free. Call us right now.