Military Pay Day Loans
Posted by admin on March 9, 2008 in Finance
Because of the problem being caused by pay day loan companies Congress passed a law capping a 36 % APR on a military loan.
Pay day loan have been referred to as predatory by the Defense Department. According to military officers pay day loans make the financial problems of soldiers more severe. Also they say that pay day loans can interfere with deployment schedules to Iraq.
