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Receiving a Bad Rap Payday Lenders Get All the Criticism While Bank Loans Get Off ScotFree
By Joseph Spalding

Receiving a Bad Rap: Payday Lenders Get All the Criticism While Bank Loans Get Off Scot-Free

Payday lenders loan money to individuals at interest rates determined by the amount and length of the loan. If a payment due date needs to be extended, then the borrower is charged additional fees. Traditional banking institutions and credit unions do the very same thing-not to mention, they selectively deny service to large segments of the population. So why are payday lenders the only ones getting so much bad press?

Payday Loans May Not Be That Expensive, After All

Across the United States, payday lenders average a $20 char...
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