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I have noticed in the past few weeks that quite a lot of the payday loans are closing in the Akron and Canton area. I wonder if there will be a mass exodous once the new PDL laws go into effect in late August.




They are doing the same here in Columbus. But its not over yet, the AG ruled on the language for the petition. If they get enough people to sign they can go on until election day. The Columbus Dispatch has some interesting articles in their paper.

Sub: #1 posted on Wed, 07/16/2008 - 04:01

Ryan_N Ryan_N

(Posts: 315 | Credits: 59.15)

OH no Ryan, so they got the ok then...So does that mean they will hold off closing until they see if they have enough signatures? I've not noticed any store closing around here, which ones have you seen? Reny

Sub: #2 posted on Wed, 07/16/2008 - 05:41

lmale lmale

(Posts: 741 | Credits: 98.46)

When I went to pay one of the storefront pdls, the lady took my money then sweetly informed me that I couldn't borrow anymore. That was about a month ago and that led me to pull the trigger and do what I could to stop this cycle. I was one of the many who borrowed from one to pay another. Without being able to borrow from that place again, I was in trouble.

Sub: #3 posted on Wed, 07/16/2008 - 08:10

kporter90 kporter90

(Posts: 58 | Credits: 9.93)

I'm not waitng for the law. I'm acting now.

Sub: #4 posted on Wed, 07/16/2008 - 08:11

kporter90 kporter90

(Posts: 58 | Credits: 9.93)

Kporter, I completely understand what your saying, I too was in such a bind, and it this helped me "pull the plug" also. Its been painfull, but LARGE lessons have been learned everyday it gets better. Reny!

Sub: #5 posted on Wed, 07/16/2008 - 17:30

lmale lmale

(Posts: 741 | Credits: 98.46)

Yeah,we can actually see where our money goes now. We have to catch up on utilities and stuff, but we actually have "spending" money this month. Meaning we can buy...UNDERWEAR! This might seem trivial to you, but when you're under the thumb of these pdls, little things like buying underwear for your kids becomes a problem!!!

Sub: #6 posted on Wed, 07/16/2008 - 19:31

kporter90 kporter90

(Posts: 58 | Credits: 9.93)

Lmale- National Check Cashers has closed a lot of stores but kept a few open. They have a note saying go to this store now. There was a place on Roberts and Rome Hilliard (small company) that closed up. I forget their name to be honest with you.

I think I read where if they can get enough signatures for the ballot then the new law waits until November. But, I'm not 100% sure of that, I think I read it in the dispatch.

Sub: #7 posted on Wed, 07/16/2008 - 21:36

Ryan_N Ryan_N

(Posts: 315 | Credits: 59.15)

Yeah, it's 241,000+ signatures they need to get it on the ballot. I hope that falls through.

Sub: #8 posted on Wed, 07/16/2008 - 22:09

kporter90 kporter90

(Posts: 58 | Credits: 9.93)

Once they get the 240k signatures, is the law on hold until the voters get to vote?

Sub: #9 posted on Thu, 07/17/2008 - 01:32

Ryan_N Ryan_N

(Posts: 315 | Credits: 59.15)

Kporter, I so understand the whole "underware" thing, LOL, its not funny, I've been there and yes it feels so good to be able to get things your family needs!!

Thanks Ryan I was thinking it might have been National..

Sub: #10 posted on Thu, 07/17/2008 - 05:34

lmale lmale

(Posts: 741 | Credits: 98.46)

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