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  1. #1 Banks offering customers loans against their paychecks 
    Super Moderator bijou's Avatar
    Join Date
    May 2008
    DAYTON — Banks in Ohio have been filling the gap left by payday loan shops, which were nearly driven out of the state in 2008 when lawmakers capped the interest rates they charged.

    Several big banks with offices in the Dayton area now offer their own short-term loans against customers’ paychecks, generally in the form of checking account advances.

    The banks say their deposit-
based loans are safer than so-called predatory loans from payday lenders because they require borrowers to have a history as a bank customer, which allows the banks to better assess their customers’ ability to repay.

    But critics note that both types of loans carry triple-digit annualized interest rates and typically
require repayment when the borrower receives his or her next paycheck. ...

    Who would have predicted that?
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  2. #2  
    Senior Member
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    Sep 2011
    They could always just not offer payday loans.
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  3. #3  
    Administrator SaintLouieWoman's Avatar
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    Sep 2002
    Sarasota Florida
    Quote Originally Posted by Tipsycatlover View Post
    They could always just not offer payday loans.
    And miss a good opportunity? :eek:

    " To the world you are just one more person, but to a rescued pet, you are the world."

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  4. #4  
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    Mar 2010
    Quote Originally Posted by bijou View Post
    Dayton banks are......
    Dayton? There are still jobs left in Dayton? Who knew?:)
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