Ohio law kills payday loans

Ohio law kills payday loans

EDITOR:

Ohio House Bill 545 capping payday lending rates at 28 APR will close all payday lenders and put 6,000 Ohioans out of work. It will also leave hard working people no place to turn for a short-term loan. I am sure, if the members of the House and Senate spoke with our customers, their constituents, and actually listened to the masses, they would have a better understanding of how payday lenders can help our communities.

I am the Consumer Service Supervisor of Cashland Financial Services in Hubbard. Our customers come to Cashland for help for those unexpected expenses that hard working people can’t seem to get away from, i.e. car repairs, medical bills, and high utility bills or gas needed for driving back and forth to work. These are people with families and home mortgages who are struggling in the current economy and living from pay to pay.

Others use our services to counteract overdraft fees charged by their banks. They would rather pay Cashland $15 per $100 borrowed than pay a bank $37 or more for a bounced check.

People borrow from payday lenders like Cashland because, for many of them, there is nowhere else they can go to get the short-term loan they need. They come here because we are courteous and respectful and our services are private. We help ease their burdens; we don’t create them.

H.B. 545 (which has now been passed by the House and Senate) will not only close down payday lenders and put 6000 people out of work, it will close down the only means most hard working people, like myself, have for dealing with the unexpected expenses they incur.

KIMBERLY MANSELL

Hubbard

Mixing apples and oranges

EDITOR:

I’m not quite sure what prompted a writer on May 2 to link discrimination against women and blacks into his assessment of the presidential candidates. Possibly his point was that Clinton is prejudiced. Whatever the case may be, it was obvious that he was insulted that people would cross the street in Youngstown at night if they were approached by two young black males. Since the writer obviously reads The Vindicator, he must be aware of the fact that there are some black males that reside in Youngstown who are not as wonderful as his sons. In fact there were articles in the same issue of The Vindicator his letter appeared in, about young black males killing each other. Crossing the street at night when two young people of any color approach you is not prejudice, it is common sense and self preservation.

I suggest that his anger be directed toward the criminals that are ruining his sons’ reputations not the public who are just trying to protect themselves from violence. And I have something I would like to get off my chest too. I am extremely offended when a minority who commits a crime uses the “poor me, you’re picking on me because I’m a minority” defense.

As far as the presidential candidates go I don’t understand what the racial issue is all about. Obama’s mother is white, his father is black. So which half of us should hate which half of him? I will be voting for the candidate on his or her stand on the issues, not his color, not his sex life, not his party affiliation, not his church attendance. I will vote for the candidate who will get us out of Iraq, create good paying jobs for Americans, direct us toward becoming independent of the oil companies, protect our social security system, protect our environment, and hold all races equally accountable for their actions. Quite frankly if Bozo the clown could deliver all those things I would vote for him.

KATHY AARON

Boardman