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The Payday Shuffle
Posted January 22nd, 2010 by Mary D - no comments
It’s no fun trying to “make it ‘till payday.” The unfortuate but all-too-real fact of the matter is that most folks in this country live paycheck to paycheck. There isn’t any room in their budget for error, and there isn’t any leeway for things like unexpected expenses. One relatively minor even – like a $200 [...]
Read More →Just How Expensive is a Payday Loan?
Posted January 21st, 2010 by hockeypuck89 - no comments
Payday loans are cheap, right? Of course they are.
It’s only $15 or $20 to borrow $100. That’s not so bad, is it? After all, if you were to bounce a check for $100, you’d have to pay $35 to your bank and another $35 to the place where you bounced the check. That’s $70 in [...]
Government Tells Grown-Ups What to Do
Posted January 21st, 2010 by Mary D - no comments
One of the recurring themes coming out of Washington seems to be the effort by politicians to protect adults from themselves. Rather than treat adults like adults, they are intent on finding problems to fix even where they don’t exist.
Take, for example, the issue of payday loans. Back in 2007, the government decided that it [...]
Payday Loans Rush to Rescue Middle Class
Posted January 19th, 2010 by hockeypuck89 - no comments
In years long gone by, if someone needed money to get them through until payday they might ask for an advance from their employer. They might ask family or friends for a short-term loan. In some cases, they might even visit the dreaded “loan shark,” a shifty individual with certain ties to the criminal underworld.
No [...]
San Francisco Tries to Solve Payday Loan Problem
Posted January 18th, 2010 by Mary D - no comments
There are plenty of politicians, from Chicago to Arizona, who will complain endlessly about the payday loan industry. They accuse payday lenders of usury, and decry the high interest rates associated with this kind of credit. They’ll propose legislation that shuts these businesses down. Yet, very few have offered workable alternatives. The fact of the [...]
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