http://paydaypundit.org/2008/11/11/stupidest-things-weve-ever-heard/ News and Information About The Payday Lending Industry Tue, 22 Jun 2010 01:27:53 -0700 http://wordpress.org/?v=2.9 hourly 1 http://paydaypundit.org/2008/11/11/stupidest-things-weve-ever-heard/comment-page-1/#comment-2332 Jared Wed, 12 Nov 2008 06:43:25 +0000 http://paydaypundit.org/?p=1904#comment-2332 It really does all come down to choice. If these states take away to option for consumers to get a payday loan they will go online or get it in some other way. It really does all come down to choice. If these states take away to option for consumers to get a payday loan they will go online or get it in some other way.

]]> http://paydaypundit.org/2008/11/11/stupidest-things-weve-ever-heard/comment-page-1/#comment-2325 Mo Cheng Wed, 12 Nov 2008 02:46:42 +0000 http://paydaypundit.org/?p=1904#comment-2325 People seeing the payday lending institution as an ethical problem over a useful credit solution should understand the topic at hand before attacking the industry. If ethics are truly the issue with payday lending, why aren't we reading about how our own banking systems are charging up to 10,000% apr on NSF fees? Why aren't we complaint about how the American health care system is the MOST EXPENSIVE in the world? There are a million industries for every loan we give out in our industry that can be considered an un-ethical business. What people need to decide is what exactly is considered an un-ethical business, and then apply that definition to every business across the board - not just the businesses the media is telling you about. People seeing the payday lending institution as an ethical problem over a useful credit solution should understand the topic at hand before attacking the industry. If ethics are truly the issue with payday lending, why aren’t we reading about how our own banking systems are charging up to 10,000% apr on NSF fees? Why aren’t we complaint about how the American health care system is the MOST EXPENSIVE in the world? There are a million industries for every loan we give out in our industry that can be considered an un-ethical business. What people need to decide is what exactly is considered an un-ethical business, and then apply that definition to every business across the board – not just the businesses the media is telling you about.

]]>