Comment of the Day
September 2, 2010 | Uncategorized | Comments (0)Regarding Colorado rules:
Great…thats {sic} enough to put some small lenders out of business!
Comment of the Day
August 31, 2010 | Uncategorized | Comments (0)This past weekend I paid $3 to a store ATM so I can get $40 out of my own money! But I am not complaining.
The point is lack of options is what led me to go to a store ATM to get cash out when I needed it. So in fact I appreciate the fact that someone put an ATM there in middle of nowhere to help me out. $3 is a bit too high but it did help me out.It’s the same deal with payday loans and other type of short term loans. People take them, because they under employed and they have problem with cash flow but they lack option. And banks aren’t lending these days, they are in fact taking money away from people in all sort of way. So people go with payday lender.
I would really hope State and Federal politicians would promote responsible payday lending, instead of continue threatening of banning it. And I wish they would put more focus on creating jobs so people would be less reliant on payday loans or any type of loans.
Light blogging this week
August 30, 2010 | Uncategorized | Comments (0)Payday Pundit will be on vacation. Not much news anyway.
Comment of the Day
August 27, 2010 | Uncategorized | Comments (0)What?! Reporters in Britain actually research the topics that they report?! Even if it forces them to deal with a little math?!!
Ridiculous! It’s so much easier to simply regurgitate a popular opinion, mixed with harsh negative attacks and a little fear.
Comment of the Day
August 26, 2010 | Uncategorized | Comments (1)So basically take the business away from main street payday lenders and give it to wall street banks and credit unions!!!
Comment of the Day
August 25, 2010 | Uncategorized | Comments (0)Fine! Less Jobs in Iowa! Way to go. Not only that but I am sure Wells Fargo will enjoy the increased Overdraft Fee and Returned Item Fee income from having less available small dollar credit in the marketplace. The Road to Hell is paved with Good Intentions.
Comment of the Day
August 24, 2010 | Uncategorized | Comments (0)It is one thing to just criticize but another thing to criticize and offer an alternative.
Payday loans are expensive to borrowers because they are also expensive for the lender. Politicians, both left and right, have done a poor job making sure the banks do what they were intended to do, and that is to give loans to people who need it so that’s why there is a reason for us (the payday lenders) to exists.
Comment of the Day
August 17, 2010 | Uncategorized | Comments (0)I was at movies yesterday and paid $15 for bucket of pop corn and medium soda. I could have had both for less than a $1 at home but I ended up paying 15 times more than it was worth.
Should we call that predatory selling? And should we have our States and Federal government to regulate it, crack down on it, or ban it?
Comment of the Day II
August 12, 2010 | Uncategorized | Comments (1)This is too much money! I am calling for an immediate cap on their pay. They should only be paid 36% of what they were paid this year, next year!
Comment of the Day
August 12, 2010 | Uncategorized | Comments (2)I wonder if they would sue the banks for charging hefty overdraft fees, or sue the apartment landlords for charging crazy late fees (in some cases $100) if you are late for rent for one day.
