Payday Pundit

This story is becoming all too common.  Credit card companies are looking at the numbers from Wall Street, the rising number of people without work and getting worried that people will begin to rely too heavily on the credit they’ve extended and be unable to pay it back.  This applies even to good customers, ones […]

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This is fantastic.  Based on the dubious premise that “glam rock” thrived during previous recessions, British rocker Eddi Argos has formed a new glam rock band, Glam Chops.  This is either the dumbest idea ever or a brilliant way to get rich.  We have no idea: 
Forget tax returns and market injections, interest rate cuts and debt […]

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Check in at Walletpop for good insight into financial trends.
For the big picture check on The Curious Capitalist. 

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Andrewsullivan.com discusses how the developing world is banking and microfinancing by cell phone. 

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Apparently, lots of diamonds are bought on credit.   Credit crunch is hitting the industry hard so they held a summit in Antwerp to figure things out.  Advice from the Payday Pundit:  Don’t buy toys or gifts on credit.   If you can’t pay cash for a diamond, a motorcyle, or a fancy Italian shotgun, you can’t […]

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That’s the thrust of this Christian Science Monitor story on how to beat bank fees.

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Good story today in USA Today about American cutting back on expenses.  The story also has a benign reference to a woman needing a payday loan.

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We don’t think so.   These “poverty simulation” stories are cropping up everywhere with ridiculous scenarios: 
Beck and Truex went to the bank, which refused to cash Truex’s paycheck because she didn’t have an account and wouldn’t open one because she didn’t have an address. They applied for housing assistance, half what they needed. They pawned a […]

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The Payday Pundit would have done this too if they had the Internet when he was a kid.  

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“We know more about what’s going on with the economy than the Federal Reserve Bank,” said David Schoeneman {pawnshop owner}, who first noticed traffic inching upward at his Chicago Heights store about nine months ago. Gas prices have dipped recently, but any relief has been counteracted by new job woes, he said.
The whole story is […]

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