Hillbilly Elegy: Best Selling Memoir Talks Payday Loans

By | Sep 2, 2016

Best Seller J.D. Vance Memoir Tells Us About Payday Loans

“On that day, a three-day payday loan, with a few dollars of interest, enabled me to avoid a significant overdraft fee. The legislators debating the merits of payday lending didn’t mention situations like that. The lesson? Powerful people sometimes do things to help people like me without really understanding people like me.”

“Robert Pondiscio of U.S. News says that “the book should . . . be required reading among those of us in education and ed policy.” Helen Andrews of National Review calls it “an intelligent and vivid exploration of Scots-Irish culture in the United States.” And Clarence Page of the Chicago Tribune explains that “Vance helps us to understand how shrinking opportunities for low-income whites helped to fuel the rise of Trump.”

“Hillbilly Elegy” is one of the most surprising books out this summer. Written by J.D. Vance, it’s his story of a  challenged childhood and his”rise out of poverty. ” Widely regaled for its true grit description of the hardships faced by millions of people living in this great nation, the U.S.A.

Forbes writer Joe Colangelo says: “To this list, I’d like to add another reason the book is important: Vance’s memoir demonstrates that too often, government officials create regulations that undermine the needs of the people they’re supposed to be helping. This is particularly clear in a passage about payday lending.”

Check it out on Amazon: Click Here to Review on Amazon

Here’s a Forbes piece by Joe Colangelo about Hillbilly Elegy.
You gotta read it! Read Forbes

The smartest way to defend your business is to ALWAYS BE LEARNING

Learn how to make money lending money: Invest in our Training Manuals:  “Start a Payday Loan Business” and “Start a Car Title Loan Business.”

Best, Jer@TrihouseConsulting.com

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2 Comments so far
  1. Bart September 19, 2016 1:20 pm

    This from SimpleInovativeChange.com:

    Interview of Earnup.com’s Matthew Cooper

    CL: With your recent funding round now closed by several notable VC firms, what would you say is the largest challenge in obtaining investment?

    MC: We were fortunate to have an oversubscribed seed round, led by some of the top VCs in the industry. It is humbling. Even so, in any fundraise you will face obstacles. The largest challenge we faced in the raise was that most VC investors have no idea how hard it is to be normal American household struggling to make ends meet. VC partners are overwhelmingly straight white men of privilege. That’s just a fact. I remember one young partner saying “I just don’t get why someone would need help paying their loans”. Fortunately, there’s a subset of grounded investors, including the folks now on our cap table, who have personal or professional experiences that let them connect with the urgent financial challenges of everyday Americans.

  2. PaydayLoanGuy September 19, 2016 1:24 pm

    That’s exactly the same theme the so-called consumer advocates rattle. They just don’t get it! 57% of consumers in America are struggling. They can’t deal with a sudden financial emergency. Where are the going to go if the CFPB continues to disregard the desires of the people? Witness the thousands of positive payday loan testimonials the CFPB “lost.”

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