The Cost of Payday Loans: Not Excessive, Study Shows
Study of Detroit Area Households Yields Surprising Results
There are numerous entries in the volumes of study on payday loans which suggest that low- to middle-income (LMI) families are the most frequent users of the product. Where access to credit and liquid assets are limited – particularly in areas that are [...]
College Study Attempts to Link Payday Loans and Violence
Remember, Correlation Does Not Imply Causation
Have you ever heard that statement before – that “correlation does not imply causation?” What it means is that even if one can identify a correlation (strength and direction of a relationship between two random variables), it does not automatically imply that one causes the [...]
Payday Loans: Going Where the Need is Greatest
Fed Study Shows Payday Loan and Related Outlets Cluster
Payday loans are an inescapable landmark in America’s modern economic landscape. The popularity of the short term loan product has grown significantly since the early 1990s, and it’s no wonder. Giving consumers the ability to absorb financial shocks in the short term [...]
Vanderbilt/Oxford Study: Payday Loan Firm Profits Not Excessive
Profits are in Line With Traditional Lenders, Says Study
Infinite profits earned off the backs of the infinite suffering masses. If you take your news from the multi-colored, sugar-laden toothpaste tube that is the mainstream media, then you believe that the payday loan industry is reaping massive profits while those who [...]
Installment Loans: A Strong Option When Credit Access is Limited
Do Race and Ethnicity Restrict Access to Traditional Credit?
You’ve more than likely heard the call to arms “Stimulate the economy!” before. It takes expenditure in order to keep the wheels of commerce flowing. While the current recession has made that difficult – people are still highly unwilling to spend on [...]
Demographics of Personal Money Store’s Payday Loan Customers
Put the Conspiracy Theories to Rest
If you don’t already know that American news media is first and foremost an entertainment medium, allow me to be the one to break it to you. Sensationalism sells better than the truth. Biased story selection and reporting slant are inescapable, particularly when you consider [...]
Short Term Credit and Controlling One’s Financial Affairs
It’s Hardly Predator vs. Prey
If media and banking industry critics of payday lending are to be believed, payday loan outlets are perched in the reeds, muscles coiled in anticipation of springing upon unsuspecting consumers. “Predatory lending” is the fallback term such misinformed critics use, under the assumption that people who [...]
Payday Loans Beat FDIC Small-Dollar Loans Hands Down
Payday Loans Profit With Lower Overhead
The payday loan industry continues to fulfill the needs of consumers, particularly during the tight times of the recession. On volume, payday lenders are able to make profits that allow them to continue to operate in the majority of states. Thus, the relationship between consumers [...]
NYU Study Questions Link between Payday Loans and Predation
Payday Loan Profits Don’t Automatically Equal Predatory Lending
Even if you’ve never been a customer of a payday loan business, you’ve likely seen or heard about the product. You probably also know that payday loan businesses are fairly easy to find in both the brick-and-mortar world and in cyberspace. With such [...]
Fed Study Unintentionally Paints Rosier Picture for Payday Loans
Why Use Credit Cards When There Are Payday Loans?
Credit cards have proven to be both a useful tool in establishing a credit history and a bane to those consumers who hope to maintain a good credit history. The temptation to “swipe and go” has been actively cultivated by the American [...]
Cash Advance & Payday Loan 90 Day Trend Report
Statistical Report on Payday Loans, Cash Advances, and Other Types Of Personal Loans
Personal Money Store is not a lender itself. However, it does provide a free service that matches borrowers with lenders. This provides a unique look into the inner workings of the sub prime lending industry. There are a [...]
Death Risk Rankings | Are You Dead Yet?
Know how you’re most likely to die and be happy
Death by ferrets may be in your future, or cardiac arrest. Admittedly, it could be a freak game show accident. Whatever the case, you’re going to want to know what your risk of dying is, because it always pays to be [...]
Highest Paying Jobs in the U.S. | Reality Check
How can I join the ranks of the rich?
I have been struggling a lot with money lately; it has become a constant source of stress for me. The majority of Americans out there can probably sympathize with me. Most of us were stressed out about money long before the recession [...]
Cash For Clunkers 2009 Site Up, Rules Aren’t Ready
If it needs a kick-start trade it in
If you have multiple cars on blocks outside and no immediate plans to rearrange the furniture on your front lawn, perhaps you should give your homestead look a bit of summer loving. At the very least, you should take advantage of the Cash [...]
Fuzzy Vision | Religion and Payday Loan Politics (Pt. 6)
Who’s a Christian?
This concludes this article. CLICK HERE if you missed part five.
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Go where there is greatest need
Meyers takes exception to the authors’ claim that “75 percent of America considers itself Christian. It therefore stands to reason that three out of four of any type of retail store will exist [...]
Payday Loans Are Business; Scripture Has No Place (Pt. 5)
Badly conceived attack on freedom
This is the conclusion of my look at Lawrence Meyers’ critique of Graves and Peterson’s biased academic screed “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation.” CLICK HERE if you missed the last segment of [...]
Payday Loans and the Christian Power Rankings (Pt. 4)
Behold! Christian Power Rankings!
Welcome back. Last time, I looked at how Lawrence Meyers critiques Graves and Peterson’s thoroughly biased, pointlessly religious anti-payday loan paper. Let’s continue with the analysis of Meyers’ views on “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday [...]
Anti-Payday Loan Study Should Lose Its Religion (Pt. 3)
What’s religion got to do with it?
Last time, we talked about how Graves and Peterson’s study on payday loans and the Christian right made false claims regarding whether the short term loan product targets the poor or minority groups. Now, let’s continue our look at Lawrence Meyers‘ critique of a [...]
Bogus Anti-Payday Loan Study Ignores “Facts” (Pt. 2)
Lawrence Meyers skewers Graves and Peterson’s work
This continues my look at Lawrence Meyers’ criticism of a misinformed hack piece parading as academic literature (he is more even-handed than I). CLICK HERE if you missed part one of this article.
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According to the National Credit Union Association, just how much overdraft and [...]
Payday Loans Industry Victimized By Bogus Study (Pt. 1)
“Usury Law & The Christian Right” | Meyers’ Critique
A few months ago, I posted my brief review of the academic paper “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation.” I did this because authors Stephen Graves and Christopher Peterson [...]
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