LETTER TO THE EDITOR: Thank you for highlighting unfair lending practices
The following is a letter to the editor submitted to the Bemidji Pioneer by a reader. It does not necessarily reflect the views of the Bemidji Pioneer. To submit a letter, email email@example.com or mail it to Bemidji Pioneer, P.O. Box 455, Bemidji, MN 56601.
Mark Papke-Larson, in response to your letter to the editor, “A faithful response to payday loans” published Sept. 30 . Thank you for highlighting unfair lending practices right here in Minnesota as well as the effect that these lending practices have on Beltrami County residents.
It is an eye-opener to see the exorbitant rates that can be charged for small loans-upwards of 273%. These unsavory practices appear to draw individuals and families further into debt and away from financial freedom.
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