I saw in the paper today that Oregon will begin to crackdown on the payday loan industry and I for one am happy about it. Legalized loan sharking, as I call it, is such a fraud to the poor and uneducated. However, even the educated I bet can get consumed by luring idea of getting paid now instead in two weeks when you pay check comes in. Cant you wait. Anyway, its sad to think we need to develop laws to keep payday loan interest rates down so as not to harm people too bad just after we developed laws to make such loans legal. Wow is that ironic!

Look up down the major streets of your town and you will see the store fronts of these lenders. Now watch the comes coming in and look at the people. It saddens me to see a parent walk in while the other parent stays in the car with the kids. Do they know the spiral downward?

Too be continued….