Proposition 111 into the 2018 Colorado election: what things to realize about limitations on payday advances

Proposition 111 into the 2018 Colorado election: what things to realize about limitations on payday advances

This is actually the one about short-term loans that don’t require criminal record checks.

Proposition 111 asks if Colorado should restrict payday advances to control just exactly what some characterize as predatory company techniques.

Here’s the language you’ll see on the ballot:

Proposition 111 proposes amending the Colorado statutes to:

Exactly exactly exactly How can it work?

Presently, annual portion prices (APRs) on pay day loans in Colorado is often as high as 180 %. (más…)

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