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OP sports mobileSpokeswoman: Payday lending petitioners telling lies
> Listen to audio of their sales pitch
Which side do you support in the payday lending fight?
Tuesday, August 12, 2008
COLUMBUS — When Sandy Theis hit the streets to hear the sales pitch from petition circulators gathering signatures for a payday lending issue, she said she was stunned to find 10 of 12 telling her outright lies to persuade her to sign.
Theis, an investigative reporter turned political consultant, even caught a few on tape, telling her — inaccurately — that the goal of the referendum was to lower interest rates charged by payday lenders.
Theis, now a spokeswoman for the Ohio Coalition for Responsible Lending, helped outline about two dozen cases of petition circulators using misleading tactics or misinformation to dupe Ohioans into signing the payday lending petition.
The payday lenders need 241,365 valid signatures from registered Ohio voters by Aug. 31 to block the law from taking effect. The law slashes the annual interest rate payday lenders are allowed to charge to 28 percent, down from 391 percent.
State Rep. Bob Hagan, D-Youngstown, who co-sponsored the legislation, said three petition circulators told him the referendum would lower the interest rate.
The coalition held a press conference Tuesday, Aug. 12, that included two homeless people in Hamilton who said they were paid $1 each to sign the petitions.
Kim Norris, spokeswoman for the payday lenders, said, "We have hundreds of circulators working statewide each day and every single employee is provided extensive training on their task and what they can and cannot say. If anyone has any actual evidence that something was said incorrectly, we ask that the circulator's name be obtained, and we will take swift action to investigate and remove the employee if necessary."
Contact this reporter at (614) 224-1624 or lbischoff@DaytonDailyNews.com.
Comments
By Payday Loan Advocate
October 25, 2008 2:13 AM | Link to this
Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/
By Payday Man
September 17, 2008 4:12 PM | Link to this
You people trying to put payday lenders out of business are such idiots. If you go to a bank, get a 3 year loan, have a 10% APR, you end up paying…30%, correct? Now, if you have a payday loan for TWO WEEKS which is what they’re supposed to be, well, if your 52 week or APR is 391%, what does that make your TWO WEEK interest out to be? About 15%!! Yeah the APR is astronomical because the only way to make money in TWO WEEKS is to have the interest rate over TWO WEEKS be comparable to 3 years.
By jasmine
August 30, 2008 4:16 PM | Link to this
Come on Ohio. Let’s stand up for some kind of integrity. And you people who just sign anything are not helping anybody. Please read these petitions before you sign them. It can affect lots of people’s lives. These payday lenders are deceitful and do not work with people. They want to just harass people and take their money. This is not a good option. I have a short term loan with a reputable loan company. One month I could not make the payment. They said I had been a good customer.
By jasmine
August 30, 2008 4:16 PM | Link to this
Come on Ohio. Let’s stand up for some kind of integrity. And you people who just sign anything are not helping anybody. Please read these petitions before you sign them. It can affect lots of people’s lives. These payday lenders are deceitful and do not work with people. They want to just harass people and take their money. This is not a good option. I have a short term loan with a reputable loan company. One month I could not make the payment. They said I had been a good customer.
By jasmine
August 29, 2008 7:05 PM | Link to this
Not only are the payday people loan sharks but they are also bullies. They cry and threaten to sue even our elected officials if they don’t get their way. That is how they act with their customers. There is no respect with their customers. I have a payday loan that I bounced and then went in and paid and then they re-deposited the check again. I called to complain and they said well if you paid on time in the first place there wouldn’t have been any problem. I think they are crooks.
By Kim Norris
August 19, 2008 5:26 PM | Link to this
Ohioans For Financial Freedom has demanded Bill Faith immediately retract completely false allegations he made about circulators allegedly paying two individuals $1.00 to sign a petition, or face serious legal actions. The Committee investigated this allegation of two homeless individuals allegedly being paid $1.00 for their signatures and found it to be completely false. No circulators from our group were even in Butler County during this time!
By Rick
August 16, 2008 12:58 PM | Link to this
Barry is clearly a moron, the posts that he leaves on the other articles proves this. He clearly favors large businesses, and neocon wild ideas. All of his posts are completely regurgitated rhetoric from Fox news, Rush Limbaugh, and other crazy Republican pundits. Don’t pay any attention to him.
By jasmine
August 16, 2008 5:55 AM | Link to this
Anyone who needs to borrow money from one of these places is already in trouble to some extent. To have to pay it back in two weeks with high interest is difficult, even if you do have a decent job. All we are saying, let’s work out better terms. Make it more reasonable for hurting people to pay it back. They should have options like a 4 equal payment payback plan or something like this.
By Why trust these guys?
August 14, 2008 4:22 PM | Link to this
I find it pretty hilarious that the industry people who keep saying the same lines about financial freedom and choices don’t trust others with the necessary facts to make those decisions. Tell voters that your referendum is going to keep interest rates at 391% APR! Lying to people and telling them that their rates will be lowered is not giving people freedom or choice. It’s dishonest and should be stopped!
By UrbanDweller
August 13, 2008 7:34 PM | Link to this
Barry, you say payday lending places charge less interest than most banks do on overdraft charges (another form of “short term loans”). You are obviously one of the financially irresponsible people I’m talking about. If you don’t have money in the bank to cover the checks you write, then you have no business writing those checks.
By Barry
August 13, 2008 1:01 PM | Link to this
at least we got to vote on the smoking ban. and we were lied to by the anti smoking crowd on that one and nothing came of that. bottom line is the stupid little monkeys are going to vote to take away things for “your own good” all day long and they are going to listen to the two second blipvert with the cutest girl telling them what they think they want to hear. ban smoking, it is evil. ban pay day loans, they are evil. gambling is evil (but it will give money to our schools, that’s good)
By UrbanDweller
August 13, 2008 12:57 PM | Link to this
The bottom line is stupid people need others to look out for them. The majority of those who use these payday lenders are finanically irresponsible. Say you run out of money before payday and need a loan. With the 300+% interest, chances are your next check will all go towards paying back that loan leaving you, again, without money until your next check. See the vicious cycle? At least with a cap on the interest, they might be able to pocket some of their paycheck until the next one.
By Barry
August 13, 2008 12:45 PM | Link to this
pay day lending places take less money out of your pocket then Big Government does. pay day lending places charge an interest rate lower then most banks do on overdraft charges (another form of “short term loans”). I resent the government coming out and saying “for your good we are going to limit this thing” (probably because they aren’t getting a big enough cut in the action). if you think the people collecting the signatures are doing something wrong contact the board of elections.
By Barry
August 13, 2008 12:39 PM | Link to this
Considering the amount of money that the government takes from every paycheck they have no right to complain about an industry charging “to much interest”. The interest rate is less then the rate for an over draft on a checking account. I intend to vote against big brother/big government controlling my life.
If you think the people collecting signatures to put the issue on the ballot are doing something wrong then you should get ahold of the board of elections or the sheriff.
By Miss Bossy
August 13, 2008 12:35 PM | Link to this
They need to shut all those dang places down, there bad news!! Do with what you got!!
By Same Scheme, New Day
August 13, 2008 12:35 PM | Link to this
It’s like when the tobacco companies tried to get an amendment passed that would override the smoking ban and ran deliberately confusing commercials about it… or the petitioner at Spassnacht at the Fraze who first asked me where I stood on the casino issue, then told me he was on my side - I should sign the petition for the casino so that the casinos waste their money trying to get it on the ballet, see… if they have to lie about it, it’s worth voting against.
By Gregory Yoder
August 13, 2008 10:53 AM | Link to this
I ran into these creeps when I was registering voters for Obama. They were being aggressive and rude. If they thought that you looked like a Democrat they told people they were Democrats. If you looked like a Republican that’s what they were. Paid petition circulators never tell the truth.
By Clevo
August 13, 2008 10:44 AM | Link to this
They got me too I believe. A Payday petitioner came up to me at the gas station and gave me a bogus story to what she wanted me to sign and then had the nerve to ask me for money to get something to drink. That’s when I wanted to look at the petition closely to make sure it was for the purpose she said it was for. I just said forget it an got the hell away. Now I see this is not what she tolled me.
By Edy Lynn
August 13, 2008 10:22 AM | Link to this
The payday lenders supply a need that helps out those who have no rich family or don’t know a loan shark to borrow a couple hundred bucks if needed. I’m tired of the government telling me how and what I can waste my hard earned money on. They want it all in their pocket and I have nothing to show for it. Vote to keep the payday lenders opened! What will they take next? It scares me!!
By Big G.
August 13, 2008 10:12 AM | Link to this
what these businesses do is wrong, but then again, people should learn to live within their means, period! these people want to go borrow money from 4 or 5 different of these companies, and then can’t pay it all back, and then complain that they can’t afford to. who’s the wrong ones here? BOTH SIDES!!!
By Bill
August 13, 2008 9:58 AM | Link to this
Everyone is missing the point here. Does everyone read all the terms and conditions of every contract and understand them? The point is that it is illegal to falsify petitions for an issue. You can not say something false to get someone to sign a petition or pay them to sign one. These people have quotas and are paid to get them so they are violating the law to do it.
By chad
August 13, 2008 9:39 AM | Link to this
It is the person getting the loan’s resposibility to know the terms. This is another example of the government trying to take away more rights.
By chad
August 13, 2008 9:39 AM | Link to this
It is the person getting the loan’s resposibility to know the terms. This is another example of the government trying to take away more rights.
By paydaysucks
August 13, 2008 9:21 AM | Link to this
Two points, One, these people who lend this money are crooks and should be thrown in jail but on the other hand KNOW THE TERMS OF ANY LOAN BEFORE YOU TAKE THE MONEY!. I agree with this law and will be voting in favor of the 28 percent cap.