Payday Pundit

Where were they the last few weeks?  
A woman looking for money to cover her prescription drug costs. Another man desperate for help to keep up with some medical bills. These are the stories that came to mind when the employees of the Massillon payday loan companies learned about legislation that was passed Wednesday by the […]

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That would be Martha Linton, who has a terrific guest opinion piece today in the State Newspaper of South Carolina.  From the piece:
Several years ago, unforeseen family responsibilities sometimes required me to spend more money than I had at that moment. The banks would not tailor a small loan to meet my immediate need. I […]

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This letter in the Zanesville Time Recorder sums up the situation in Ohio nicely. (Note how the paper put a snarky headline on this letter.  They just can’t help showing their bias, we guess) From the letter:
People trust us to help them. What will they do when they have no one to turn to? Just bounce check after check?
Ohio payday […]

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The story by Brian Duffy of 19 Action News, includes an interview with a Check n Go employee and an  appreciative customer. The visuals include close ups of the large poster-size displays of fees that are found in all CFSA member-company stores as well as images of the 3,000 employees that rallied for their jobs […]

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This is the opening line in Toldeo’s WTOL coverage of the debate over payday lending in Ohio.
The reporter interviews Jessica, a Payday loan customer.  Who says,”I’ve always been the type where I handle my finances. I’ve always been extremely responsible. I pay my bills, and I didn’t want to turn to family.” She adds, “I had no idea what […]

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It’s great to see payday lending workers fighting for their jobs and discussing the people they help.  This article captures this great quote.
There are people we help if they use it responsibly,” said Mary Myers, of Heartland Cash Advance. “I’ve had people come in needing $100 for medicine and walk out the door praising us […]

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The bloggers network has been having a debate about payday lending.  This post by an Ohioan blogger, Simon Barrett, is a must read.  Here is the conclusion:
There are also arguments that without this avenue of emergency lending people will be forced to seek more riskier methods to obtain money. The vast majority of the Payday […]

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The Payday Pundit received this email tonight.
I have worked for a payday loan company for 5 years, and we are definitely a help to our community. Our customers are from varied walks of life: retired, some on social security income, unemployed, people who make over$50,000 a year, people who live paycheck to paycheck (who doesn’t?). […]

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Here are the details:
WHAT: Rally and press conference to discuss impact of House-passed legislation on Ohio’s leading payday lending companies.
WHO: Payday lending employees and customers, other supporters of the industry
WHERE: North Steps, State Capitol Building, Columbus, OH
WHEN: Tuesday, May 6th, 11am

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Melissa Lutz, owner of Fast Check Cash Advance in Newark, Ohio, is worried about her customers if the Ohio House legislation becomes law: 
 We have a lot of customers that are going to have nowhere to go to get short-term loans,” she said. “If our legislature will look at other states that have (capped lending rates) […]

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