Advance America and Payday Loan Media Bias

By | Nov 2, 2012

Advance America funded 10,000,000 payday loan transactions in 2010. They are the largest brick-n-mortar, regulated lender in the U.S. They received just under 50 complaints TOTAL for the entire year!
With the exception of Jessica Silver-Greenberg at the Wall Street Journal and Carter Doughtery at Bloomberg, why can’t the media “get this?” Because they are lazy! It’s easier to visit one of the paternalistic web sites such as the CRL and swallow the drivel.

I have a novel suggestion for you reporters. Pick up the phone and call an industry insider who spends time “in the trenches.” Then, get off your ass and visit some payday loan stores. Talk to the customers. Leave your bias outside and forget the loaded questions. You want to build your brand? You want to develop a stellar reputation for truth and accuracy? Be an outlier! Dig… do the work… approach your reporting with an open mind!

Jer – Trihouse 702-208-6736

3 Comments so far
  1. MartinF November 2, 2012 3:01 pm

    10,000,000 funded loans and only 50 complaints? Incredulous. Why doesn’t the media report these numbers! It’s hard to believe.

  2. Payday Loan Industry November 2, 2012 3:02 pm

    Check out their 10K under Investor Relations. It is amazing! And the y use the state-by-state licensing model.

    Jer – Trihouse

  3. Philip A. Locke November 6, 2012 2:28 pm

    I am a reformed smoker of Predatory Lending! Please visit my linkedin profile that shows my resume and my phone number is at the bottom if you have any questions.

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