Payday Pundit

Here’s a story from Mississippi about a new payday lending alternative.  The Payday Pundit thinks this is great.  The more choices consumers have when it comes to short-term financial products, the better!  However, because you’ve come up with an alternative doesn’t mean you should replace existing products.  Let the market work and let consumers choose […]

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Wow.  More from this story about the pawnshop boom:  
The gas prices also are affecting the makeup of Kidd’s customer base. He been noticing a wider assortment of customers as gas has gotten closer to $4 per gallon. ”We see different people from all walks of life, all classes, all income brackets,” he said. “Anybody can wake up […]

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From an article in the Clinton, Mississippi paper:
“Excessive fees may be hidden and not reflected in the interest rates. Beware of prepayment penalties,” she said.
Payday loans are the most transparent loans there are.  There are NO hidden fees.  The total costs to the loans are displayed on posters, in the paperwork and conveyed by employees. 
 
 

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