Payday loans are big business. In some cities, there are literally dozens of payday loan businesses. This has spurred a reaction from many folks in the community that don’t agree with these lenders or their high-interest, short-term loan practices. They wind up petitioning their local governments who then make zoning law changes that in effect [...]
Read More →Consumer advocates and politicians spend a hell of a lot of time complaining. They complain about evil corporations, they complain about unfair treatment of special interest groups and the complain about other consumer advocates and politicians. And, in many cases, they complain about payday loans.
They complain so loudly that the FTC even has a payday [...]
Payday loans are a reasonable way for you to get cash quick. Whether its car repairs, a utility bill or some other emergency, sometimes you just need money fast. The question isn’t whether you need cash fast – you know that you do. The question is how fast you can realistically pay it back.
The idea [...]
The nation’s poor economy including the high unemployment rate, has more consumers than ever considering payday loans. The loans can be a way to bridge the gap and getting bills paid prior to the next payday.
However, you have to think about the fees, the high interest rates and the punitive late fees. That’s one reason [...]
EZcorp is a large payday loan and pawn shop company. They just released their Q4 2009 results. A look at the numbers provides an interesting insight into the payday loan business.
Payday Loan Statistics
In the stores where they offer payday loans, EZcorp lends up to $1500. The average amount of the loans they make is $555. [...]