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

Payday Loan Legislators Do Not Understand Us!

By | Aug 3, 2008

It’s crazy how the regulators and legislators who feel the need to control our payday loan industry in an effort to “protect” consumers consistently fail to understand us!

Share

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