The next time a politician tells you…
7 CommentsMay 3, 2013 at 8:18 amCategory:Uncategorized
…that high-interest loan companies in North Carolina “haven’t had a rate increase in 30 years” tell him/her that this statement is, in a word, baloney (and feel free to use a stronger word).
#1: Inflation for lenders is accounted for through the issuance of larger and larger loans, not higher and higher interest rates. As with home and car loans, the average finance company loan in North Carolina 30 years ago was much smaller than it is today. It is simply absurd to even imply Read More…


