[Vince Ferrer]

I have never used one, and it seems to me that I would be paying more for a payday loan than I would for any late fee for any bill that I would use the payday money for. I would like to see a large sample of people who use these loans, why they use them, and what alternatives they have.

[NittanyLion]

I would like to see a large sample of people who use these loans,

People with an IQ less than 90

why they use them,

To purchase things they don't need (alcohol, lottery tickets, etc.)

and what alternatives they have.

Thievery

[VRWCtaz]

I can not defend the wisdom of taking out such a loan. But I have to ask, do we really want the government to “protect” us to this degree?

[eyedigress]

Supporters say the industry provides emergency cash for people who would have trouble getting it elsewhere. They point out that bounced check fees, if annualized, would be nearly 1,000 percent.

The entire system is messed up but some folks need their car fixed now.