The Payday Pundit shines a light on payday alternative loans. The blog is titled, “$120 for a $100 Loan.“
Note to legislators: It costs money to do business. The people that pay, pay for the people that don’t pay.
I don’t see payday lenders getting government bailout money. Payday lenders know the true cost of sub prime credit. That’s why they charge the fees they do.
Comments
One response to “Payday Pundit shines light on payday alternatives”
Amen, to your comment that payday lenders understand the costs of providing sub-prime credit. The average person doesn't realize how much bad debt has to be written off and how this affects a company's ability to make money.
Good comments!