Payday lending takes a hit thanks to nevadans for the common good/iaf; reforms pushed through nevada legislature
Lobbyists for the lenders acted as if enforcement of existing laws would be something akin to mass extinction for their industry. Breathless predictions of doom bordered on the hysterical.
This was a head-scratcher for members of Nevadans for the Common Good (NCG), a non-partisan, valley-wide federation of 47 faith-based, labor, and non-profit organizations. NCG threw its support behind the proposal sponsored by Sen. Yvanna Cancela and supported by the Legal Aid Center of Southern Nevada because the personal stories of those caught in the debt cycle — taking out one loan to pay off another — extend deep into its membership. More.
8/29/2019 07:12:24 am
I think we should avoid getting loans as much as we can. We shouldn't be buying things we haven't even worked on yet. The brand new house and car can always wait. It's always best to pay in cash than waste hard earned money on imaginary costs of interest. There is nothing wrong with waiting and we need to wait for at least five years before changing our lifestyle. This way we are always sure we are not overspending and we are only using the disposable portion from our savings.
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