As you well know, payday lenders are pure evil. Their fees are outrageous, and even the Attorney General of Arizona knows that payday lenders are just out to hurt people. Payday loan signs are flashy and ugly, and they lower your property value.
What you may not know, however, is just how deep this problem goes. [...]
OK, so you don’t want to have to pay those outrageous fees involved in taking a payday loan. Or, maybe you just have a history with payday loans. You know that it’s likely you’ll renew the loan several times, and wind up paying huge amounts in fees. In fact, you’ll pay more over time in [...]
Read More →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 →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 [...]
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 [...]