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.
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