Comments for paydayloanindustryblog.com» Payday Loan Industry Blog http://paydayloanindustryblog.com Payday Loan Industry News & Developments a Resource Sat, 22 Nov 2008 03:45:31 +0000 http://wordpress.org/?v=2.6.2 Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Clint Says http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-224 Clint Says Tue, 18 Nov 2008 15:52:53 +0000 http://paydayloanindustryblog.com/?p=63#comment-224 I saw some of the sites the FTC complained about. I don't know about the the quality of disclosure forms or the collection practices these lenders used (it sounds like those were pretty bad). However, the advertising aspect of the website should be troubling for anyone who sells a product or good on the Internet. The sites basically described what the customer was entering into. Other companies, industries, and individuals should be very concerned that the FTC has taken a strong arm approach to what it calls decepetive and unfair advertising practices. I saw some of the sites the FTC complained about. I don’t know about the the quality of disclosure forms or the collection practices these lenders used (it sounds like those were pretty bad). However, the advertising aspect of the website should be troubling for anyone who sells a product or good on the Internet. The sites basically described what the customer was entering into.

Other companies, industries, and individuals should be very concerned that the FTC has taken a strong arm approach to what it calls decepetive and unfair advertising practices.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by http://www.PaydayLoanIndustry.com http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-220 http://www.PaydayLoanIndustry.com Mon, 17 Nov 2008 19:06:59 +0000 http://paydayloanindustryblog.com/?p=63#comment-220 By "bad apples" I mean all industries have individuals that ignore basic good business practices. Failing to disclose APR's, loan terms, copies of loan docs to consumers is simply a basic breakdown in appropriate business practices for the payday loan industry, mortgages, autos, and many, many others. I agree with your comments on consumers. It's really the 80%-20% rule. Although perhaps in the payday loan industry it's the 90%-10% rule. By “bad apples” I mean all industries have individuals that ignore basic good business practices. Failing to disclose APR’s, loan terms, copies of loan docs to consumers is simply a basic breakdown in appropriate business practices for the payday loan industry, mortgages, autos, and many, many others.

I agree with your comments on consumers. It’s really the 80%-20% rule. Although perhaps in the payday loan industry it’s the 90%-10% rule.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Emily Winkle http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-219 Emily Winkle Mon, 17 Nov 2008 18:51:56 +0000 http://paydayloanindustryblog.com/?p=63#comment-219 Hi, I'm Emily and I work with Check 'n Go. One suggestion I have for people who are thinking about taking out a payday loan online is to make sure the company has physical store locations as well. This will only protect you. Check 'n Go has physical stores and an online service to make it easier for what you would like to do. Visit www.checkngo.com for more information. Hi, I’m Emily and I work with Check ‘n Go. One suggestion I have for people who are thinking about taking out a payday loan online is to make sure the company has physical store locations as well. This will only protect you. Check ‘n Go has physical stores and an online service to make it easier for what you would like to do. Visit http://www.checkngo.com for more information.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Payday Loans http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-218 Payday Loans Mon, 17 Nov 2008 16:31:30 +0000 http://paydayloanindustryblog.com/?p=63#comment-218 bad apples mike? the only reason payday lenders have such a bad name is because of those people who misused the service and got in deeper financial trouble. that is not the lenders fault! if you ask 90% of payday loan customers they will tell you how helpful the service is, and odds are the other 10% are those irresponsible ones, where it has nothing to do with the company, they are just looking for someone to blame. bad apples mike? the only reason payday lenders have such a bad name is because of those people who misused the service and got in deeper financial trouble. that is not the lenders fault! if you ask 90% of payday loan customers they will tell you how helpful the service is, and odds are the other 10% are those irresponsible ones, where it has nothing to do with the company, they are just looking for someone to blame.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Faxless Payday loans http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-217 Faxless Payday loans Mon, 17 Nov 2008 16:27:40 +0000 http://paydayloanindustryblog.com/?p=63#comment-217 The industry, on the whole, has been very compliant when it comes to disclosure of all terms and responsibilities for loans. No industry is perfect but it is sad that this one receives closer scrutiny than the rest. The industry, on the whole, has been very compliant when it comes to disclosure of all terms and responsibilities for loans. No industry is perfect but it is sad that this one receives closer scrutiny than the rest.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Mike http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-216 Mike Mon, 17 Nov 2008 01:50:23 +0000 http://paydayloanindustryblog.com/?p=63#comment-216 All industries have bad apples! Too bad. All industries have bad apples! Too bad.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by payday loan http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-213 payday loan Sun, 16 Nov 2008 03:07:36 +0000 http://paydayloanindustryblog.com/?p=63#comment-213 Payday loans are a loan choice that millions make. The freedom of choice is one that should never be taken away. When used wisely payday loans can help save money and get you through tight financial spots I know that if something unforeseen occurs, and in this day and age it occurs often, I can get the money I need in minutes and not stress out about how to make ends meet Payday loans are a loan choice that millions make. The freedom of choice is one that should never be taken away. When used wisely payday loans can help save money and get you through tight financial spots I know that if something unforeseen occurs, and in this day and age it occurs often, I can get the money I need in minutes and not stress out about how to make ends meet

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Payday Loan http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-212 Payday Loan Sun, 16 Nov 2008 03:03:31 +0000 http://paydayloanindustryblog.com/?p=63#comment-212 I don't know what the big deal is about getting a <a href="http://www.paydayloanmaxx.com/" rel="nofollow">payday loan</a>. I got one last year, paid it off in two weeks and the fees were less than if I had missed my credit card payment. I don’t know what the big deal is about getting a payday loan. I got one last year, paid it off in two weeks and the fees were less than if I had missed my credit card payment.

]]> Comment on Payday Loan Lenders Get Hassled Over Disclosure-Again! by Payday Loan http://paydayloanindustryblog.com/payday-loan-lenders-get-hassled-over-disclosure-again/#comment-211 Payday Loan Sun, 16 Nov 2008 03:02:33 +0000 http://paydayloanindustryblog.com/?p=63#comment-211 It's just like any other form of borrowing. If you're irresponsible, you're going to be the one holding the short straw in the end. I don't remember anyone petitioning against mortgage lenders when they were giving out $400K mortgages to people who couldn't afford it. It’s just like any other form of borrowing. If you’re irresponsible, you’re going to be the one holding the short straw in the end. I don’t remember anyone petitioning against mortgage lenders when they were giving out $400K mortgages to people who couldn’t afford it.

]]> Comment on Ohio Banks Offer Payday Loan Product Legally! by payday loan http://paydayloanindustryblog.com/ohio-banks-offer-payday-loan-product-legally/#comment-207 payday loan Fri, 14 Nov 2008 15:53:16 +0000 http://paydayloanindustryblog.com/?p=61#comment-207 In that I agree we you, if is no legal for the payday loan industry to charge those rates, why is ok for the banks to charge that interest anyway? they should regulate the banks too, with the return check fee's, if you do the math, what they charge for it, is a lot more... If you bounce a check for $10 my bank will charge me $34.00 this are the number that people dont see. In that I agree we you, if is no legal for the payday loan industry to charge those rates, why is ok for the banks to charge that interest anyway? they should regulate the banks too, with the return check fee’s, if you do the math, what they charge for it, is a lot more… If you bounce a check for $10 my bank will charge me $34.00 this are the number that people dont see.

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