Payday Loans and Unintended Consequences to Regulation

By | Dec 3, 2008

Comments by so-called consumer protectionists to ban the payday loan product or reduce the interest rates to an unsustainable rate (ie:36% APR) and thus “force these consumers to go to family and friends for a small loan to fix the car to get to work or to feed the kids is not an option. These “protectionists” need to spend an hour on the phone in a payday loan store where they’ll discover it’s often the family members of those in need who are calling us to inquire about a loan! The family doesn’t want to loan the payday loan consumer any more money because THEY NEVER GET PAID BACK!

Share

© 2009-2019... Payday & Title Lending, - Payday Loan Biz Resources & Courses How to Start Title Loan Business Website Legal Terms Disclosure
Share
Share