Payday loan establishments have been under lots of fire recently. With interest rates as high as 480 percent, this isn't really too surprising. In fact, opponents of such establishments have been so strong in their views that many states have had voters enact potential bans on such institutions. In Arizona and Georgia and ten other states, such practices are either illegal or much targeted for serious censure. The military, in fact, does not permit enlisted to visit such establishments and payday loan institutions are now required to ask if a potential borrower is a member of or dependent of an active military member. In light of all this negative attention, payday loan establishments are working hard to counter the bad press and encourage more responsible borrowing.
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