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Hi! Here's a treasure trove of educational writings and important
resources to explore when considering an instant cash loan.
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Payday Loans Legal Loan Sharking By Joe Spalding
Each day, in cities across America, people go to payday loan companies, seeking a temporary escape from their financial problems. But that quick fix comes with a hefty pricetag attached--interest rates that can run 400 percent or more on a two-week loan. The fees on such loans, in fact, can become so huge that they rival monthly rent bills.
Supporters of the payday loan industry say that such shops are simply providing a public service, and that there's great demand for emergency loans in today's economy. They also point out that borrowers are not coerced into obtaining loans, that people apply for the money knowing the costs involved.
However, there's a growing body of evidence to sugge... [ Read Article ]
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