High-interest loans are the only option for the poor
What world does the editorial board live in (“164% loans insult voter, hurt poor,” Editorial, Thursday)?
The people who use these loans have a history of not paying their debts.
The transactions are relatively small and therefore the administrative costs are high in percentage terms. Further, since borrowers don’t pay, collection costs are high — as is the default rate. And, the loans are unsecured — there is nothing to repossess.
Therefore, losses are high. No other lender — banks, credit card companies, credit unions, or anybody else will loan to them. Now, you have cut off the one source of loans that was available to them. I suspect that the editorial board won’t make personal loans to them.
— Michael Juilfs, Glendale
When will Trump voters finally admit they made a huge mistake?
I am simply curious. At what point in time will the people who voted for Donald Trump come to realize what he truly is? How much proof do they need?
I realize that you really wanted the “Trump Experiment” to work out, but now that it hasn’t, does he really need to shoot someone in Times Square for this to end?
I can’t even imagine what the outcry from the Republican Party would have been if this was reversed. In the future, if someone suggests we need an inexperienced outsider to fix Washington, let’s take a pass.
Kinda seems like a really dumb idea looking back.
— Cheryl Reed, Sun Lakes
Arizona legislators find another