Category Archives: immediate payday loans

Proposal To Increase Cash Advance Cap Concerns Customer Advocates

Wednesday, April 27, 2011

Sound

What exactly is the inspiration behind a proposition to improve the $300 cap on pay day loans? We talk with Investigative Reporter Amita Sharma about why Assemblyman Charles Calderon (D-Whittier) is pressing for the cash advance limit become risen up to $500, and just exactly what customer advocates assert concerning the concept.

What is the inspiration behind a proposition to improve the $300 cap on pay day loans? We talk to Investigative Reporter Amita Sharma about why Assemblyman Charles Calderon (D-Whittier) is pushing for the cash advance limit become risen up to $500, and exactly exactly what customer advocates say in regards to the concept.

Visitor

Amita Sharma, KPBS Investigative Reporter

Study Transcript

Transcript Disclaimer

ST. JOHN: You’re hearing these full days on KPBS, i am Alison St. John in for Maureen Cavanaugh. Pay day loans have actually very long been a method to get yourself a fast advance loan, no concerns asked. You may get smaller loans compared to a bank would offer, and often the interest rates are astronomical. A ca legislator really wants to enhance the restriction on which you can easily borrow from a cash advance store, but customer advocates state this might be simply requesting trouble. Continue reading