Payday Loan Statistics – Misleading Politicians and the Media

Thomas Sowell at the National Review wrote an interesting article about payday loans and the magic of numbers. In it he wrote, “A common practice in making small loans of a few hundred dollars for a few weeks is…

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ARE PAYDAY LOANS DEBT TRAPS?

Critics all over America are claiming that payday loans and lenders are just out to get the common man and leave him with nothing and probably lead him or her into a debt cycle. Well I can’t quite blame…

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The Witch Hunt Against Payday

“The campaign against payday lending is a witch hunt. You cannot judge a loan by its APR without considering other factors such as the amount and term of the loan, the borrower’s other alternatives, and the lender’s costs. Even…

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