Monthly Archives: January 2012

WSJ: Payday fees reasonable compared to credit-card & bounced check fees

Today’s Wall Street Journal had a great Editorial that outlined how misguided government targeting of the payday loan industry is when it serves so many Americans. Some excerpts: “Payday lenders charge around $15 for a two-week $100 loan to their … Continue reading

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Non-Profit Director: Short-term loans offer needed help

A terrific Op-Ed printed in our neighbor state Missouri was written by Gerri Guzman who is Executive Director of the Consumer Rights Coalition, a non-profit, consumer based organization. In the Op-Ed, published by the Columbia Daily Tribune, Guzman writes of … Continue reading

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Avoid this Telephone Payday Loan Scam

WIFR-TV in Illinois picked up on this growing telephone payday loan scam where someone repeatably calls a residence threatening legal action if the person doesn’t pay off a payday loan they didn’t take out in the first place.  From the … Continue reading

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Why a payday loan costs the amount it does

The Payday Pundit blog has a good catch with this excerpt from an article in The Atlantic magazine by Megan McArdle: “Credit unions are not charities.  They have responsibilities to the members who deposit money with them: they cannot make … Continue reading

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