“Payday lenders act responsibly.”
July 8, 2008 | Alabama, media coverage | Comments (0)CFSA’s Tommy Moore responds to a recent story in the Montgomery (Alabama) Advisor on payday lending:
Payday advances play a necessary role, providing hard-working people with a reasonable, well-regulated option for meeting unexpected expenses and other short-term financial needs. This industry exists because we offer our customers a product that is more desirable than the alternatives.
No one is offering any other choices to payday loans. To date, almost all other options have either been charity-based, required government subsidies, unavailable to the general public, unprofitable or unsustainable.
Mr. Moore is out there every day fighting for the industry.
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