Should interest rates be capped?

The idea of capping interest rates is often mentioned in discussion about payday loan companies. However is this really a good suggestion? And what other options are for the financially excluded to obtain credit?

ClearDebt’s Andrew Smith recently guest-blogged on this topic for Zero Credit – a website which aims to challenge debt stigma and share credit-free living tips. You can view the full article here: Who are the real sharks in legal lending waters?