http://paydaypundit.org/2009/02/08/sc-legislator-defends-payday-lending/ News and Information About The Payday Lending Industry Thu, 09 Sep 2010 15:23:43 -0700 hourly 1 http://wordpress.org/?v=3.0 http://paydaypundit.org/2009/02/08/sc-legislator-defends-payday-lending/comment-page-1/#comment-3002 equalrights Wed, 11 Feb 2009 21:31:18 +0000 http://paydaypundit.org/?p=2447#comment-3002 Given the rising levels of unemployement how would putting payday lenders out of business help that number from rising. If you take into account the real fact that numerous individuals have poor credit and are unable to get loans with other banking institutions then payday loans are a plassible alterative. The consumer needs to be mindful of the possibility of the loss of job and that they need to stay within their means when getting a payday loan. What happens when income is lost is not an question that could possibly be answered. If the consumer know they are going to lose their job then they should be loaning from anyone....payday loan, credit union, banks, credit cards. This is how we got into the position we are in with the economy. Why make it worse and have no way for those people who don't qualify for a small loan from a bank be punished because you personally don't understand the industry and the people who use it? Given the rising levels of unemployement how would putting payday lenders out of business help that number from rising. If you take into account the real fact that numerous individuals have poor credit and are unable to get loans with other banking institutions then payday loans are a plassible alterative. The consumer needs to be mindful of the possibility of the loss of job and that they need to stay within their means when getting a payday loan. What happens when income is lost is not an question that could possibly be answered. If the consumer know they are going to lose their job then they should be loaning from anyone….payday loan, credit union, banks, credit cards. This is how we got into the position we are in with the economy. Why make it worse and have no way for those people who don’t qualify for a small loan from a bank be punished because you personally don’t understand the industry and the people who use it?

]]> http://paydaypundit.org/2009/02/08/sc-legislator-defends-payday-lending/comment-page-1/#comment-2967 jobseeker Sun, 08 Feb 2009 20:13:23 +0000 http://paydaypundit.org/?p=2447#comment-2967 Given the rising levels of unemployment, payday loans must be an increasingly risky trade. What happens when loans are made against income that may be lost at any time? Given the rising levels of unemployment, payday loans must be an increasingly risky trade. What happens when loans are made against income that may be lost at any time?

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