A necessary product
July 3, 2008 | Kansas, industry, positive media coverage | Comments (1)From Tom Linafelt of QC Holdings in the Wichita Eagle:
Payday loans are a necessary product, delivered responsibly, to reasonable customers, many of whom are facing more expensive fees such as those associated with bounced checks, late bill payments and utility disconnections. For those and others, payday loans make perfect sense.
Payday loan fees, and profits, are often dwarfed by those of banks, credit unions and other businesses.
Comments»
Yes I agree payday lending is a much needed product. The banks credit unions and credit card companies charge more then pay day lenders. It should be your choice to take a payday loan out not the governments. The banks are upset because I can take out a payday loan to avoid their large overdraft fees.