MEASURE 21 HAS CRIPPLED South Dakota’s ACCESS TO CREDIT
Over 100,000 Hard Working South Dakotans Deserted by Lawmakers
No one would like to lend you money today more than all of us here at Dollar Loan Center. That is what we do and we have been doing it for over 15 years in South Dakota. We take tremendous pride in the way we do business and it has been an honor and a privilege helping you and your family with your financial needs.
On November 8th, 2016, the passing of the South Dakota Payday Lending Initiative 21 caps all interest rates at 36% APR. Unfortunately Dollar Loan Center or anyone in our industry cannot offer a product at that interest rate. To put things in easy terms, we normally charge around $20 for someone to borrow $300 for a week. This new law would limit us to charging $2.00 for that same loan. No short-term lender in the state of South Dakota will be able to help you with these restrictions.
We want to continue working with you and helping you and your family. It is not right that the government can control who you choose to do business with. The only way to fix this travesty is to voice your opinion. Tell your story of how Dollar Loan Center has helped you and what will happen if we’re not around anymore.
Our offices will remain open to service all of our existing customers and loans that were processed prior to today. You can rest assured we will be here to lend you money if we can get this measure overturned.
Please reach out to the all of the following people and organizations and be heard!
1: South Dakota Division of Banking, 605-773-3421, email@example.com
2: South Dakota Governor’s office, 605-773-3212, http://sd.gov/governor/contact/contact.aspx
3: South Dakota Governor’s Chief of Staff, Tony Venhuizen, Tony.Venhuizen@state.sd.us
4: KELO Television, 605-336-1100, firstname.lastname@example.org (Dexter Gronseth)
5: Argus Leader, 605-331-2300, http://static.argusleader.com/submitletter/
Below are the people who started this Initiative and pushed for its passing. They are directly responsible for us not being able to help with your financial needs and put this measure on the ballot. They feel they know better than you and want to control your choice as a consumer.
Disgraced Former SD Legislator