Anti-Issue 5 ads are deceptive

To the editor:

Stuff being sent to our mailboxes on Issue 5 is so twisted and dishonest it needs a correction.

Issue 5 is the payday lending law.

Issue 5 is to control the payday lenders who previously soaked some Ohioans, usually needy ones, with interest rates of 391 percent on loans.

Interest rates that high make it hard to get out of debt and needy people become hooked on repeated borrowing -- "one loan leading to another to pay off the previous one," as one newspaper put it.

This worsens the foreclosure mess.

You'll never find that out from the "Vote no on Issue 5" stuff, which tries to make Issue 5 sound like a referendum on "saving jobs."

That's a real laugh. Vote yes on Issue 5.

Andy Ruckman

Oberlin