Gotta love this blogpost called “Media Bias on Short-Term Credit Makes Boogeyman out of Payday Lenders, Lionizes Alternatives”. Thank you Big Journalism. We were wondering when someone was going to paint an accurate picture of the short-term credit market and the alternatives to the payday advance product.

“The mainstream media loves to hate payday lenders.  That’s because it’s easy to paint them as villains without ever explaining the whole story behind the product.  So they publish article upon article attacking payday lenders without ever acknowledging that millions of consumers use it every year, with only an infinitesimal number of complaints.   The free market and repeated studies have determined that customers like the service, understand its costs and risks, and are left worse off when the option is forcibly removed.”