Payday Loan Lenders – ATM Fees – Overdraft Fees = 400 Percent APR

By | Oct 10, 2009

Payday lenders are gearing up for an alternative strategy. The industry believes it has found new support in arguing that payday loans, with annual interest rates that can reach 400 percent, are a cheaper alternative to overdraft charges. The industry is citing a recent USA Today analysis based on data from Moebs Services, an economic research firm. According to the analysis, consumers pay an overdraft fee of $26.68 every time they overdraw their account. So if consumers overdraw by $100, they’d pay an annual percentage rate (APR) of 696%, if the credit is paid back in two weeks – compared with an APR of 450% on a $100 payday loan with an average fee of $17.25, according to USA Today.

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The Secret – Payday Loans – Car Title Loans – Scrap Gold Business – How to Get the Info You Need

By | Oct 7, 2009

Payday loan, car title loan, scrap gold business – The information and help you need for your micro-lending business
is there for the asking. You’ve just got to learn the SECRET!

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