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Payday Loan Franchise Companies Are Mad At This Franchise Blogger!

Joel Libava
1 min read
October 21, 2008

A small part of the franchise industry is mad at me.

I wrote a short article about an upcoming Ohio vote in November that would keep the interest rate cap for payday loans at a really fair 28%. Our Governor stepped in a few months back, and stopped the crazy practice of these nice franchise companies charging 391% APR on payday loans.

I am no mathematician, but I think 391% IS higher than 28%. Every day.



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Here is the article, and some rather colorful comments for your reading pleasure. Please feel free to add some more color.


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I'm The Franchise King®, Joel Libava. For 24+ years, I've helped thousands of people avoid bank account emptying mistakes.
If you want to make a smart, informed decision on franchises to own, I can help you, too! Note:
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