I understand that every issue has two sides, but it would be nice if one side at least pretended to listen to the other.

Read this article from a North Carolina paper.  The Regions Bank loan product explicitly does not permit loan rollovers.   Instead, borrowers can choose to enter into a long term payment plan at 21% APR, which is about the rate that credit cards charge.
“It is not a payday loan,” said Mitchell, the bank spokeswoman. One of the differences, she said, is that “we don’t allow people to roll that loan over. You can’t take out another loan to pay back your existing loan.”

Yet the State AG says…

(You can read the rest of the article HERE)

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