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Payday loans and banks

September 29, 2008 | Center for Responsible Lending, alternatives, industry, industry critics, research | Comments (1)

Here’s a very interesting essay that discusses how payday loans work, why they’re a great alternative to bank overdraft protection, and why critics are wrong.   craig-parr-com220-essay 

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Comments»

1. Louis Feraca - September 29, 2008

Brilliant. Insightful. Like all tools, payday loans can be used or misused depending on the user. We don’t take hammers off the market even though clumsy folks like me frequently hurt ourselves.