Judy Poston
“So we’re seeing a lot of seniors going to the pay day lenders… going to payday lender number one, two and three trying to borrow enough every month to make their mortgage payment.”
Payday loan opponent Judy Poston is disturbed by the increasing number of senior citizens taking out multiple loans just to keep a roof over their heads…
In an article by Connie Thompson, Poston said that there should be limits to the number of loans a consumer can take out:
“There are more payday lenders here in the state of Washington than there are McDonald’s… There should be something set in place, so that [a borrower] cannot go to payday lender one through 10 and borrow 700 dollars from each one.”
Judy Poston is an educator at the Fremont Public Association in Seattle.
Source: Payday Lenders Face Calls for Increased Regulation by Connie Thompson (KOMO-TV)
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