“Consumers deserve option of payday lending”
April 21, 2009 | South Carolina, The State, industry, states | Comments (1)Great guest piece in the State Newspaper today from Jamie Fulmer of Advance America:
Especially now, in a time of severe economic trouble, hardworking people need access to short-term credit options, including cash advances. For some consumers, a cash advance is their only financial option. At other times, it is the least expensive option — particularly compared to the costs of bank fees and the revolving debt of credit cards, for example. A payday advance involves a one-time fixed fee of $15 per $100 borrowed.
This is the “must read” of the day.
Comments»
I agree! With the economic crisis that we are having now these stores come in handy for “responsible” people.
I think that the laws should be put back to the way they were to begin with. Then, employees who have lost their jobs because of these changes can go back to work & stop drawing unemployment benefits!