Payday Pundit » Rapid City Journal 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 Rapid City Journal- A newspaper editorial board with common sense!! http://paydaypundit.org/2009/04/14/rapid-city-journal-a-newspaper-editorial-board-with-common-sense/ http://paydaypundit.org/2009/04/14/rapid-city-journal-a-newspaper-editorial-board-with-common-sense/#comments Tue, 14 Apr 2009 21:21:22 +0000 Payday Pundit http://paydaypundit.org/?p=2920 An editorial from South Dakota’s Rapid City Journal, Find Compromise on Payday Loans

…But the truth probably lies somewhere in between and we hope Congress can ferret it out, regulate the industry and meet the needs of the people who have no other options.

Payday loan operations fill a void. Until any person can walk into a traditional bank or credit union and borrow $100 until his or her next paycheck, payday loans will remain the only option for a lot of folks. We can support keeping the quick, short term cash option in place; but some protection against an exploding, long term debt problem should be part of the equation.

]]> http://paydaypundit.org/2009/04/14/rapid-city-journal-a-newspaper-editorial-board-with-common-sense/feed/ 1 Rapid City Journal gets it right http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/ http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/#comments Fri, 10 Apr 2009 15:22:26 +0000 Payday Pundit http://paydaypundit.org/?p=2887 Rapid City Journal ran a nice, balanced article today.  Props to them for helping to educate consumers that payday loans should be considered for emergencies while acknowledging the service these loans provide and the extent payday loans companies go to to help consumers.

]]> http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/feed/ 0 Will critics attack this payday loan alternative? http://paydaypundit.org/2008/04/21/will-critics-attack-this-payday-loan-alternative/ http://paydaypundit.org/2008/04/21/will-critics-attack-this-payday-loan-alternative/#comments Mon, 21 Apr 2008 12:42:34 +0000 Payday Pundit http://paydaypundit.org/?p=141 The Black Hills Credit Union is offering an “alternative” to payday loans.  According to this article qualification for this ervice is ”not based on credit score, debt ratio or discretionary income.”   Isn’t this a line of attack critics such as the Center for Responsible Lending level at payday lenders?        

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