Colorado loans that are payday by 60% but other small loans jump

Colorado loans that are payday by 60% but other small loans jump

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How many payday loan providers in Colorado dropped by significantly more than 14 % a year ago while the number of loans they made dropped by nearly 60 per cent, a unique state report programs.

The decreases, highlighted in a annual analysis of subprime lending because of hawaii lawyer general whom regulates them, have been in component the result of 2010 legislation that that restricted the amount of great interest payday loan providers may charge, along with the size associated with the loans they provide. Continue reading “Colorado loans that are payday by 60% but other small loans jump”