Our state has a problem. The cost of living continues to increase, but wages are not keeping up. Simply paying bills can be extraordinarily stressful. Unfortunately, there is an industry that exists solely to take advantage of people in this situation — payday lenders. Preying on those who require a helping hand is sickening. That is why I urge everyone to vote “Yes” on Proposition 111, which will reduce the allowable interest rate to a maximum APR of 36 percent.