Payday Pundit » industry 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 Payday loans are an option http://paydaypundit.org/2008/03/05/payday-loans-are-an-option/ http://paydaypundit.org/2008/03/05/payday-loans-are-an-option/#comments Wed, 05 Mar 2008 16:04:06 +0000 Payday Pundit http://paydaypundit.org/?p=29 There’s been a lot of heated rhetoric about the payday advance industry but when you break it down to its most basic level, it’s pretty straightforward.  A borrower who needs a bit of cash on a short term basis connects with a lender who can quickly accommodate that need.  That’s the simple point made in the March 5 ‘Payday Loan is an Option’ entry by one consumer finance blogger who’s wise enough to cut to the chase on the issue.  Here’s an operative passage: 

          “The point to note is that payday loans are ultra short loans that we should repay as much as we can when our next paycheck arrives. A payday loan is supposed to pull us through between paychecks especially when we require a lump sum of money in an emergency.” 

Common sense and choice.  That’s what personal finance should be about.

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