The legislators at Kansas are thinking of limiting the number of payday loans one consumer can draw in all. They are concerned for the overdrawing consumers who end up deeply indebted. They also can’t ignore the need of these loans to the otherwise disqualified borrowers. Current provisions limit number of loans a borrower can have from one lender but not overall. This bill interferes in financial decisions of the borrower but otherwise the loan is indispensable so one can only prevent payday loans from springing out of control.
