Cash Advances Needed | How can Saving be Killing the Economy?
Different borrowing, more saving
While it’s true that more people are relying on cash advances now, there are also a higher number of people stashing money in their savings accounts.
I will be the first to admit that when I read the headline “Why Saving is Killing the Economy,” I rolled my eyes.
Sensational [...]
UK Interest At 1 Percent, Public Needs Payday Loans
Payday loans couldn’t survive at 1%
During the economic crisis, payday loans have helped consumers during short-term emergencies. Yet the root causes of the crisis – banks – must be repaired if this kind of consumer credit can continue to exist. The world banking establishment has been reeling for months as [...]
Paradox of Thrift | Article by Your Payday Loan Source
Why saving and smart spending are bad for the economy
As Americans put money away for a rainy day to avoid needing a payday loan, they are actually worsening an already shrinking economy. Economists call it the “paradox of thrift,” according to the Wall Street Journal.
When people have less money, they [...]
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