If you listen to consumer advocates, you’d think that the only people who ever use payday loans are the working poor. These poor souls walk into a payday lender, not knowing that they are like a sheep marching into a wolf’s den. Some politicians have even made their careers defending the “victims” of payday lending.
The [...]
When you need cash, one of the options you have is to go to a pawn shop. Using a pawn shop is sometimes a better option than, let’s say, a payday loan. You may be able to get cash at a pawn shop for less in terms of fees than you would from a payday [...]
Read More →According to payday loan info, currently twelve states prohibit payday loans. Four states permit payday loans but with lower rates and more oversight than normal. Twenty eight states allow payday loans with various regulations for rate caps. However, Wisconsin is one of six states which do not set a rate cap for its lenders.
Rate Caps [...]
The town of Starkville finds itself in a situation that’s pretty common in many places during these tough economic times. It seems they’ve seen a quick expansion in the number of payday lenders within the city limits over the past few years. Accordingly, Starkville has decided not to allow any more payday loan businesses into [...]
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You think Starbucks and McDonalds are everywhere, payday loan centers put these places to shame. This info graphic lays out the facts.
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Payday Loans vs Starbucks vs McDonalds