In Defense of Payday Lending

Few industries are more reviled than payday lending, which primarily services the working poor by offering short-term loans at high interest rates. Payday customers borrow an average of 0 for a period of two weeks, or until their next paycheck comes in. The money is handed over on the spot, once the payday store can verify that the customer has a job, earns enough to afford the loan, and hasn’t recently defaulted with another vendor. Payday loans are in high demand: There are 22000 payday storefronts in the United States and in 2009 they loaned a combined billion. And yet the industry is fighting for its survival. Montana just voted to make it illegal for the payday-loan industry to operate profitably, so lenders are loading their wagons and wheeling out of “The Land of the Shining Mountains.” They’ve already moved on from Oregon, New Hampshire, North Carolina, Arizona, Georgia, and Washington, DC, because of similar regulations. The annualized interest on payday loans runs about 400 percent, but the reality is that payday firms see returns closer to 10 percent, or about the same as other less-demonized financial service providers. Now there’s a danger the federal government will quash the rest of the US payday industry. The Frank-Dodd Financial Reform bill, passed in July, created the Consumer Financial Protection Bureau (CFPB), which posseses the power to regulate paydays at the national level for the first time. The vaguely written law doesn’t allow the CFPB to …

Neon Sign – Payday Loans – Large 13″ x 32″

High impact, eye catching, real glass tube neon sign. This characteristic glow can attract customers like nothing else, virtually burning your identity into the minds of potential and future customers. Neon signs can be left on 24 hours a day, seven days a week, 365 days a year…for decades. There is no light form in existence that has the visual impact of neon. This is the real thing 100% hand crafted real glass tube neon. We manufacture the most vibrant neon available. Our neon goes through a unique lengthy process to ensure the highest quality neon product available.

via WordPress http://snelgeldlenenbinnen10minuten.eu/quickcashloans/in-defense-of-payday-lending/