Stupid headline of the month
January 29, 2009 | Maine, industry, local issues, media coverage | Comments (0)From the Bangor (Maine) Daily News: “Payday loans often plunge borrowers deeper into debt.”
The stupidity of this headline should be obvious. ALL loans put ALL borrowers deeper into debt. They are “loans.” Loans are debt.
The rest of article is even more of a waste of time.
Advice about online lenders
January 17, 2009 | Maine, customers, industry, local issues, media coverage, states | Comments (0)This Maine newspaper warns consumers not to take out any “online” payday loans. Yes, there are many online lenders that operate offshore and are not reputable. But borrowers should look for CFSA-member company sites. CFSA members adhere to state laws. That’s the only way to go online.
