By Melissa Martin There are about 650 payday financing stores in OhioвЂ”thatвЂ™s 650 way too many I think. But search loan providers! вЂњPredatory lending is any financing training that imposes unjust or abusive loan terms on a debtor. Additionally, it is any practice that convinces a debtor to just accept unjust terms through misleading, coercive, exploitative or unscrupulous actions for the loan that a debtor does not require, does not wish or canвЂ™t manage.вЂќ www.debt.org/. An innovative new shortterm loan legislation (House Bill 123) is able to get in effect this thirty days.