Payday Lending in Minnesota
Payday financing should really be unlawful. ThatвЂ™s what weвЂ™ve been preaching for decades. Why? Because loan providers intentionally design their products or services to trap people experiencing hardship that is financial.
Unfortuitously for Minnesotans, payday financing is legal in Minnesota. Why? Because our elected officials in Minnesota help it become. Happily, we now have the capacity to alter laws that are unfair. HereвЂ™s just just just what weвЂ™re against, and just just just what weвЂ™re doing to end your debt trap.
Exactly Exactly Just What WeвЂ™re Fighting Against: Exploitative Licensed and Unlawful Lenders
In Minnesota, customer tiny loans as much as $350 are controlled on a fee that is tiered outlined in Minnesota Statute 47.60.