Nonprofit Payday Loans

The answer to EZ Money and Check Into Cash...

NY Times article

[ainmohd]

I guess lenders of payday loans are mostly suckers (predatory).

[loanstar]

there are good people out there! although i think this is a risky stretegy, the reason payday loans are so costly is because target customers are the most likely to default..

[finsub]

good post - enjoyed reading it

[boefixepa]

I'll never understand these places.....I don't understand why they exists. You'd think they'd go out of business because they can never collect.

I'd rather sell my blood then walk into one of those places.

[simpleyme]

I work in a c-store and a regular customer comes in asks if I would let her write a check and get cash, I say no we do not do that we are a store not a bank or a payday loan place
she says well I just came from the payday loan place they won't loan me any money

I thought she must be a trainwreck for those people not to loan money,last I heard thats what they do


so apparently they do have standards of some kind

[Stuartthomas]

i dont agree with this that payday lenders should go out from the business..they are there when you need them the most and you don't have any other option except the payday loans..