Comments on: Pros & cons http://paydaypundit.org/2009/08/03/pros-cons/ News and Information About The Payday Lending Industry Tue, 15 Jun 2010 10:29:51 -0700 http://wordpress.org/?v=2.9 hourly 1 By: Jon Schultz http://paydaypundit.org/2009/08/03/pros-cons/comment-page-1/#comment-7191 Jon Schultz Tue, 04 Aug 2009 15:49:02 +0000 http://paydaypundit.org/?p=4529#comment-7191 Online lenders - overseas or domestic - who do not adhere to state lending laws are not unscrupulous if they run an honest business. For the residents of some states, getting a loan from one of these companies is a good alternative to a long drive across the state line. It is the activists and politicians who distort this issue to promote their own agenda who are unscrupulous. They hurt the very people they claim to be helping by reducing the choices available to them - and even when you point out the invalidity of their arguments they will not change their point of view. Online lenders – overseas or domestic – who do not adhere to state lending laws are not unscrupulous if they run an honest business. For the residents of some states, getting a loan from one of these companies is a good alternative to a long drive across the state line.

It is the activists and politicians who distort this issue to promote their own agenda who are unscrupulous. They hurt the very people they claim to be helping by reducing the choices available to them – and even when you point out the invalidity of their arguments they will not change their point of view.

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