This is actually the one about short-term loans that donвЂ™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.
HereвЂ™s the language youвЂ™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…)