Payday Loans and Bankruptcy in Canada: No Clear Correlation
Manitoba University Study Unintentionally Dispels Numerous Myths
Human Ecology professors Ruth Berry and Karen Duncan of the University of Manitoba appear to have been ready to point the accusing finger at payday loans in Canada. Given supporting data, it appears they would have been happy to report that payday loans and [...]
Manitoba’s Judgment of Payday Loans Ignores Reason, Commerce
A Reasonable Argument, Rebuffed With Extreme Prejudice
Governments both large and small often take it upon themselves to decide what consumers should or shouldn’t be able to do with their own money. Call this the “nanny state” mentality if you will. Regardless, it seems that a population is somewhat less than [...]
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 [...]
Repair Your Credit | Relieving the Burden (Pt. 3)
What about making minimum payments?
You want to know how to get out from under the burden of credit cards. You want to “Repair Your Credit.” CLICK HERE if you missed the previous segment of this story.
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If you only make the minimum payments on your accounts, then you are like Atlas. [...]
Repair Your Credit | The Media’s APR Shell Game (Pt. 5)
What’s in a 391 APR?
Juliet:
“What’s in a name? That which we call a rose
By any other name would smell as sweet.”
Romeo and Juliet (II, ii, 1-2)
(CLICK HERE if you missed part four of this “Repair Your Credit” article)
No matter how many times the media attempts to mislead the public with [...]
Obama’s Plan Shouldn’t Kill the Payday Loan
Legislation to kill the payday loan?
Supporters of the payday loan industry are concerned that President Obama’s economic plan will eventually cripple short-term cash advance. Harry Lacheen of iStockAnalyst reports that payday loan and pawn shops “often come under heat from governments and consumer groups” because they supposedly charge exorbitant annual [...]
(Obama) + (36 Percent Payday Loan Cap) = Misguided
Something was lost in translation…
In a rather sloppy borrowing of a payday loan story from the Chinese Xinhua News Agency (misspelled “Xinghau”), FreeRepublic.com recently reported that President Obama made plans during his campaign to come down hard on the industry, limiting the annual percentage rate cap to the same cap [...]
New Hampshire Payday Loans Saved By New Product?
No Competition
The face of payday loans in New Hampshire is changing, and consumers in need are in a position to reap the benefits. But Advance America is eager to point out that their new product is not payday loans, but a “Credit Line Product.” Whatever you call it, it is [...]
Payday Loans Trump Overdraft; Fed Reins in Banks
The Board wants overdraft changes
The Federal Reserve Board, Office of Thrift Supervision and National Credit Union Association are at it again, and payday loans are looking better than ever when compared with having to deal with overdraft charges on your checking account.
To recap for those of you who aren’t familiar [...]
Payday Loans Study Counters Unstudied Media Bias
In the media’s campaign to educate the public about the supposedly hazardous consequences of relying upon payday loans, truth is the first casualty in the information war.
Yet simple, fact-based (rather than anecdotal) evidence tends to cut to the heart of the matter. Recent studies by Answers, etc., a company that [...]
Payday Loans Opposition Equals Ignorance On Campaign
The Results Are In
Cash America International Inc. said today that it will close about one third of its Ohio lending locations in the next few months after voters chose to maintain the new payday loans restrictions.
These restrictions put caps on payday loans interest rates. Payday lenders were charging fees that [...]
Do we Deserve the Right to Choose over Payday Loans?
The War Continues
As the payday loans debate continues, opponents continue to propagate many myths concerning the integrity of the payday loan industry and their effect on society. As a bystander, the back-lashing can raise quite a bit of concern. But do local, city and state governments [...]
Payday Loans Lending may be Abolished in Ohio
The Big Dilemma in Ohio!
The fight to limit interest rates on payday loans will be on the ballot in Ohio. Opponents say that payday loans trap borrowers into a cycle of debt, stating that the interest rates are to high.
What the Opponents of the Payday Loan Industry Want
Opponents of [...]
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