“Leave short-term lenders alone”
June 22, 2009 | Columbus Dispatch, Ohio, industry, regulation | Comments (0)In Saturday’s Columbus Dispatch, Ted Saunders, Checksmart CEO, said this in a guest op-ed:
Customers say that they appreciate having access to short-term loans and the flexibility those loans afford them to manage debt in a way that works best for them. Denise, a customer from Dayton, attested to this recently, saying: “I can borrow the money I need, which keeps me current on my bills, and because of [short-term loans], I have never been late on payments of bills, which also keeps my credit in good standing. We are all adults, and we know what we’re doing.”
Glenda, a customer from Columbus, added, “I use it rarely, but I appreciate the fact that it is available when I do need it for something that comes up unexpectedly.”
The industry is fighting to preserve financial choice for its customers. The whole thing is a great read.
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