“A needed service”
January 19, 2010 | New Hampshire, industry, positive media coverage | Comments (0)A Center for Consumer Freedom letter in today’s Eagle Tribune (N.H.):
Short-term “payday” lenders have been under attack by state and federal lawmakers who denounce their services as “predatory.” But across the country, borrowers in need of emergency cash choose these loans willingly, over other financial options. Research by a Federal Reserve economist found that 88 percent of short-term borrowers are satisfied with their loans.
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