When money is tight, she said, she is grateful for payday loans
June 27, 2008 | media coverage | Comments (0)That’s from an ABCNews.com story on payday lending. It’s a lengthy piece and relatively fair and balanced compared to most stories. The Payday Pundit’s favorite passage:
“If bounced check fees were $10 [instead of $35], this industry wouldn’t exist,” he {Industry spokesman Steven Schlein} said. “If banks and credit unions made small loans, this industry wouldn’t exist. For many people, this is absolutely the only way to get a $300 loan.”
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