Comments for Payday loan cap initiative suffers setback in court at http://www.wordandway.org , comment 1 to 3 out of 3 comments http://www.wordandway.org Sat, 18 May 2013 21:59:04 +0100 FeedCreator 1.7.2 http://www.wordandway.org/content/view/2520/212/#comment-70 I agree with all that is said about payday loans but still use them. Here's what I do. I never take a loan out for more than two weeks. The repayment amount is how I decide how much to borrow. When I make a repayment, I am short of money again but I then take out a smaller loan with a lower repayment figure. So eventually, I don't need a payday loan. I get paid weekly. - Frank Fri, 21 Sep 2012 02:50:52 +0100 http://www.wordandway.org/content/view/2520/212/#comment-64 For many people, payday loans are their only credit option. Capping rates to expel these lenders from the state won’t broaden their options. In fact, it will only prevent other, more competitive small loan options from taking root. - T.Bielman Fri, 13 Apr 2012 13:53:09 +0100 http://www.wordandway.org/content/view/2520/212/#comment-63 I believe it depends on where you get the loan from. We borrowed a couple hundred from cashloancity and it wasn't that bad - Roy Fri, 13 Apr 2012 13:39:53 +0100