This action alert campaign has closed.
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STOP THE PAYDAY LOAN DEBT TRAP!
You can take action on this alert by reading the information below and following the
directions at the bottom.
Support a 36% INTEREST RATE CAP ON PAYDAY LENDING!
Payday lending has been legal in Colorado since 2000, when the Colorado legislature passed a loophole that exempted them from having to charge reasonable interest rates.
Payday loans are small loans that borrowers take out against their next paychecks. They have been widely condemned for their sky-high interest rates, which can be as much as 521%!
Out of state payday lenders have flocked to Colorado in the last decade. They cluster along main streets and in low-income neighborhoods, preying on hard-working Coloradans and taking more than $80 MILLION in interest and fees out of our economy every year!
This year, our state legislators will have the chance to level the playing field and require payday lenders to charge reasonable interest rates. You can take action today by calling your representative telling them to protect our communities from loan sharks!
Click this button to visit the Coloradans for Payday Reform website:
Your message will be sent to each of the following targets:
Your State Representative
A sample message appears below, which you may edit before sending.
STOP THE PAYDAY LOAN DEBT TRAP!
Dear Representative,
Payday lending has been legal in Colorado since 2000, when the Colorado legislature passed a loophole that exempted them from having to charge reasonable interest rates.
Payday loans are small loans that borrowers take out against their next paychecks. They have been widely condemned for their sky-high interest rates, which can be as much as 521%!
Out of state payday lenders have flocked to Colorado in the last decade. They cluster along main streets and in low-income neighborhoods, preying on hard-working Coloradans and taking more than $80 MILLION in interest and fees out of our economy every year!
This year, you will have the chance to level the playing field and require payday lenders to charge reasonable interest rates.
Please support a 36% interest rate cap on payday lending to protect our communities from loan sharks!
Thank you. Your name and address here
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This Action Alert Campaign is Closed.
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