I guess they should pawn shops out of business too?
I fail to see the problem with the “payday loan”. Someone needs some cash and gets a loan and pays it back plus a bit more when they get paid. Simple.
Banks did the same thing.
Unfortunately my brother-in-law can no longer get those Direct Deposit Loans (up to $500 for an extra $35) because of new federal regulations.
Ridiculous.
“I fail to see the problem with the “payday loan”. Someone needs some cash and gets a loan and pays it back plus a bit more when they get paid. Simple.”
Well the “only problem” is that their rates barely skirt usury laws. They steal from those most unable to stay away from their clutches. But then so does the government.