http://paydaypundit.org/2008/04/29/study-finds-4547-interest-rates-on-bounce-protection-loans/ News and Information About The Payday Lending Industry Tue, 15 Jun 2010 10:29:51 -0700 http://wordpress.org/?v=2.9 hourly 1 http://paydaypundit.org/2008/04/29/study-finds-4547-interest-rates-on-bounce-protection-loans/comment-page-1/#comment-1299 Fidel Flores Wed, 27 Aug 2008 17:56:28 +0000 http://paydaypundit.org/?p=199#comment-1299 I have a strong suspicion that they can only calculate the checking accounts that have "Over Draft Protection" and are in fact covered/paid by the bank. Those are, in the majority of circumstances accounts that have Direct Deposit. There is another inportant fact to consider and that is the other percentage of drafta that the banks reject and returns. these individuals are hit with the fee's x2, the first deposit they make the bank will immediatly get an NSF fee and then the institution that they wrote the check to will want one on their end as well. Do the math on one of those and lets see the Annual Percetage rate I have a strong suspicion that they can only calculate the checking accounts that have “Over Draft Protection” and are in fact covered/paid by the bank. Those are, in the majority of circumstances accounts that have Direct Deposit. There is another inportant fact to consider and that is the other percentage of drafta that the banks reject and returns. these individuals are hit with the fee’s x2, the first deposit they make the bank will immediatly get an NSF fee and then the institution that they wrote the check to will want one on their end as well. Do the math on one of those and lets see the Annual Percetage rate

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