Fact versus fiction

Payday Pundit’s comment of the day is by John Schultz is simple and concise.  There are multiple good points like:

“Even the nonprofit payday loan offered as a public service by Goodwill Industries has a 252% APR.”

“These consumer groups need targets to criticize to justify their existence.”

Sadly, many consumer groups will not even concede that families need a cash advance.  Not to mention, payday loans have done nothing to hurt the economy, unlike Wallstreet and the banks.   The payday industry has nothing to do w/ these two groups.

by admin

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