Payday Pundit » Maine http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 16 Jun 2010 19:04:18 +0000 http://wordpress.org/?v=2.9 en hourly 1 Stupid headline of the month http://paydaypundit.org/2009/01/29/stupid-headline-of-the-month/ http://paydaypundit.org/2009/01/29/stupid-headline-of-the-month/#comments Thu, 29 Jan 2009 13:39:00 +0000 Payday Pundit http://paydaypundit.org/?p=2386 From the Bangor (Maine) Daily News:  “Payday loans often plunge borrowers deeper into debt.”

The stupidity of this headline should be obvious.  ALL loans put ALL borrowers deeper into debt.   They are “loans.”  Loans are debt.

The rest of article is even more of a waste of time.

]]> http://paydaypundit.org/2009/01/29/stupid-headline-of-the-month/feed/ 0 Advice about online lenders http://paydaypundit.org/2009/01/17/advice-about-online-lenders/ http://paydaypundit.org/2009/01/17/advice-about-online-lenders/#comments Sat, 17 Jan 2009 14:36:44 +0000 Payday Pundit http://paydaypundit.org/?p=2306 This Maine newspaper warns consumers not to take out any “online” payday loans.  Yes, there are many online lenders that operate offshore and are not reputable.   But borrowers should look for CFSA-member company sites.   CFSA members adhere to state laws.  That’s the only way to go online.

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