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Payday Loan Franchise Companies Are Mad At This Franchise Blogger!

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

(This post may contain affiliate links. Please read my disclosure policy).

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.



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

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

Anyone need a loan???

If you do this, you won’t miss anything!

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

“I've been a fan of Joel's for years. He's picked a niche and made himself the undisputed expert. I'd recommend him to anyone looking to start a franchise. "
- Gene Marks, Business Expert, Keynote Speaker
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