installment loans http://wunc.org en Senate Passes Bill That Would Raise Installment Loan Rates http://wunc.org/post/senate-passes-bill-would-raise-installment-loan-rates <p></p><p>State lawmakers in the Senate have tentatively passed a bill that would allow installment loan companies to charge customers higher interest rates and fees.</p><p>Republican Senator Rick Gunn is a sponsor of the bill. He says the lending industry hasn't had a rate increase for a long time, and that customers would also be held responsible under the measure.<br><br>"Customers need to understand their need to make their payments on time, and according to their contract," says Gunn.</p> Fri, 03 May 2013 12:04:56 +0000 Jessica Jones 14718 at http://wunc.org Senate Passes Bill That Would Raise Installment Loan Rates