(Leah Hogsten | Tribune file photo) New research claims payday loans rates within the Utah are definitely the second-large in america. Simply Tx try large.
Therefore we should limit interest rates toward predatory loan providers over the nation to eliminate the debt pitfall of pay-day credit for everyone group
The actual only real condition in which the mediocre rate try high are Colorado at 664%, while you are Utah’s price is actually tied up that have nearby Las vegas, nevada and you will Idaho, depending on the nonprofit Heart for In charge Financing (CRL). Continue Reading
