“a vital service”
May 9, 2010 | Ohio, industry | Comments (1)Checksmart Financial’s CEO Ted Saunders in today’s Toledo Blade:
Independent research validates the consumer benefits of short-term credit. Studies by the Federal Deposit Insurance Corp. and George Washington University’s business school conclude that consumers make measured decisions, weighing short-term loans against alternatives in the marketplace.
Customers choose our service because it can save them money – particularly compared with the costs of overdraft protection, unregulated offshore Internet loans, or fees associated with bounced checks or late bill payments.
Comments»
The F.D.I.C concluded much like the Federal Reserves study did.Both found that its better for the customer to have options rather than voids in short term finance.Its up to the customers personal responsibility to use these products the way there intended,and the vast majority do.Magically this is done with out big government holding their hands and not infringing on the simple right to make their own financial choices…