High Interest Loans
Predatory lenders target those who are least likely to be able to repay the loans. In Missouri, the state legislature has attempted to curtail these interest rates, but have failed. Unfortunately, the predatory lending industry is a powerful special interest group that contributes to a number of state legislators, making this a difficult issue to attack.
Al Skalicky believes that the Missouri State Legislator should look at these lending practices again. If elected, he’ll work hard to limit the amount of interest that these companies can charge. Predatory lenders harm working families. Families that are trying to pay their bills, feed their children, and live their lives.
Predatory lending should be stopped in Missouri. We can work together to make that a reality.