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$20 million can buy a lot of votes.
That's how much the national payday lending lobby is spending to try to keep charging Ohioans 391% annual interest on short term loans.
Remember, a majority no vote on Issue 5 would allow payday lenders to continue charging 391% annual interest. A majority YES vote caps payday lending interest rates at 28%.
The Vote YES on Issue 5 Committee doesn't have that kind of money - not even close. But we have truth on our side: a payday loan is a defective product designed to trap; payday lending traps borrowers in revolving, deepening debt; 391 percent annual interest is unfair to the point of usury; and 28 percent annual interest is both fair and reasonable.
We have the truth - and hopefully, you - on our side. Please contribute $28, $56, $280 - whatever you can offer to fight an industry that makes its millions off the backs of desperate Ohio families.
Show everyone you know that 28% is a reasonable return on a payday loan.
At the same time, get connected, get endorsers, and please, spread the word!
Thanks for your support.
Paid for by
Is 391% Too High? Vote Yes on Issue 5 Committee
Bill Faith, Treasurer
175 S. 3rd St., Suite 250
Columbus, Ohio 43215
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