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These statistics are similar in many other states. Which means the borrower can pay $400 – $500 in loan fees on a $400 loan. This really is absurd usury and will be GreenPicket.com illegal because it is not helping anyone except the lender. It is predatory lending at best that just gets borrowers in deeper debt than before.”Some will say, that little man requires somewhere to go,” said state Rep. Eldridge Emory, “But if he gets money in this way, he is just digging an opening deeper and deeper, and he is not going to get out.”Several states like North Carolina have currently banned this form of predatory lending.
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