As the Payday Pundit has pointed out before, most credit union or bank “alternatives” to payday loans are either not profitable or cost the same as a payday loan. This story highlights an effort in Illinois to open a “not for profit” payday loan store on busy interesection in Springfield:
IN GOD WE TRUST is preparing […]
Entries Tagged as 'Springfield News Leader'
The key phrase is “not for profit”
November 16th, 2008 · No Comments
Tags: Illinois · Springfield News Leader · alternatives · industry
Missouri columnist discusses his experience with a payday lender
May 13th, 2008 · No Comments
Ryan Cooper, a freelance writer, is convinced more than ever that the free market offers consumers the most choices:
The decision haunted me as I read the online bank statement. A combination of holiday spending, personal property taxes and a recent job loss caused me to overdraw my checking account.
If I didn’t come up with $200 […]
Tags: Missouri · Springfield News Leader · customers · industry · media coverage · positive media coverage · states
“The {Payday Lending} industry’s reforms and public education and awareness efforts are real.”
May 10th, 2008 · No Comments
Tom Linafelt of QC Holdings, a leading payday lender out of Missouri, takes on a local newspaper columnist. From Tom’s rebuttal piece in the Springfield News-Leader.
Missouri payday lending laws already include some of the strongest consumer protections in the country. By including limits on loans, loan renewals and associated fees, those laws protect consumers from […]
Tags: Missouri · Springfield News Leader · industry · media coverage · positive media coverage · regulation · states