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.
