Yeah, I know some people will not be able to get credit at those rates. But maybe those people need to declare bankruptcy or make other drastic lifestyle changes sooner rather than later to deal with it.
Personally, I was glad when Pennsylvania drove the payday lenders out of business. We have enough crooks in this commonwealth as it as and don't need to be subsidizing others. And make no mistake about it, we do. When payday lenders and crooks of similar ilk suck people dry, they are on public benefits for longer than they would otherwise be and/or begin to see it as a permanent lifestyle. It needs to be painful, stigmatized and as temporary as possible.
What's the minimum wage in that state?