| Rating | Percentage |
| Worthless | 56.52% |
| Helpful | 34.78% |
| I have tears of joy | 4.35% |
| Better than War and Peace | 4.35% |
| Reader Comments |
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| Many jobs will be lost and banks cannot afford to make samll loans. - |
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| People should have the right to decide whether or not they want to take out a payday loan. Its really taking away a persons constitutional rights by what the Government is doing. Just as it is for people to decide who to vote for in an election such as voting Barack Obama in as President, they should have the "right" to make the decision for themselves about getting a payday loan. After all, its the people who "misuse" the loan companies, its not the stores who get them in debt. - |
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| ROTFLMAO!!! Pay day loans are a vicious circle of debt - |
| he clearly does not understand the power in americians having choices.The consumer loves the option - |
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| Being misinformed can muster some grave consequences, especially true when you base a course of action on inaccurate information. The current debate over the pros and cons of payday loans, and what the future holds for the industry, is certainly no exception. Some politicians, from all sides of the spectrum, have even passed legislation in their states, cities and towns which restricts, or even takes away your ability to get a payday loan. Some, such as Barack Obama, are seeking to outlaw the industry all together; such laws are largely based on the flawed idea that payday lenders fall under the same ethics as illegal loan sharks. Now is the time to educate your friends and family to preserve your rights to financial independence.
Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
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| people should be able to decide for them selves. - |
| it is a good idea - |
| Obama's Plan
Obama's Cap on Payday Loans - |
| What can we do to combat misinformed politicians - |
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| Consumers are well aware of their options and can make decisions for themselves. Banks charge a fee two times for every NSF check that vastly exceeds any fee by any payday lender, but because they don't have to call it an APR, it doesn't get the press. In fact, you can get $100 for 30 days for $20 from any payday loan store, yet a $100 check that bounces will cost you $72 in return check charges from a bank. You do the math. - |
| IT HELPS BUT IT IS NOT ENOUGH. - |
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