Payday Loan Article - Payday Loan Battle

Online Payday Advance Provider Reviews You could get up to $1500 as soon as today!

Home Payday Loan Reviews Payday Loan News Payday Loan Blog Payday Loan Articles
 

Payday Loan

Payday Loan Blog
Payday Loan Blog
Financial Strategies

Payday Money Store
Finding the right Payday Loan can be very confusing. At Payday Money Store, our goal is to help you find the best payday loan for your needs. If speed and ease of use is your goal, we have hooked up with a payday loan matching service that can shift your fast cash search into high gear. Are you ready to get your Payday Loan Application started?


Apply Today!

Featured
1500 Payday Loan Provider

Assurance Payday


 

Payday Loan Articles and News

Payday Loan Articles
Back to Payday Loan Articles

The Payday Loan Battle Heats Up

The battle between state lawmakers and the payday loan industry continues to heat up.

  • Arkansas Attorney General, Dustin McDaniel has put the squeeze and Payday Loan Lenders for violating the states constitution which limits interest rates charged to borrowers.
  • Kansas City voters recently add a $1000 tax to Payday Loan providers to help pay for regulators.
  • Payday Loan supporters get loud as Ohio holds hearings to tightening payday loan regulations.
I have mixed emotions regarding this battle. While at the height of my payday loan borrowing, I was paying over $1000 per month in interest. This massive debt load was strangling my financial foothold. On the other hand, I am a firm believer in personal responsibilty. I got myself in too deep with payday loans and I had to work a second job to pay these loans off. People need to understand what they are agreeing to before they secure a payday loan. They must have a payoff plan before they get the loan and work toward removing the cause that forced them to get this high interest financing.

Payday Loans Lenders would not have been this successful had conventional lending institutions not ignored those who needed short term loans. Now it appears some Payday Loan lenders have gone too far by charging interest rates that far surpass the risk they take.

Where will it all end? While I agree some forms of legislation is needed to curtail the greed of some payday loan lenders, it is insane to only allowing lenders to charge 17% APR. This will only drive the Payday Loan industry into the ground. Leaving those who need payday loans left out in the cold with no lenders to turn to.

Does the Payday Loan Industry have a place in the financial market? I believe they do.


Have a job?
Apply for a loan.

   Payday Loan Reviews
Easy to read.
Read about the top Online Payday Loan Provider services.


   Payday Loan Articles
Payday Loan Articles.
Educate yourself about Payday Loans before you borrow.


  No Faxing Required
Hazzle Free Process
Many Payday Loan Providers don't require faxing.


Piggybankloans.com can help bridge a short-term cash need between paychecks or to avoid bounced check fees, late payment penalties, or pawning personal possessions.
Piggy Bank Cash Loans

The operator of this website is not a payday loan lender and does not make loan or credit decisions in connection with its loan matching service. Completion of this application in no way guarantees that you will be approved for a payday loan. This site will attempt to match you with a payday loan lender based on your application. This service is not available in all states and the states serviced by this Website may change from time to time and without notice.

User Agreement |  Privacy Policy |  Site Map |  Resources

2003 - 2008 PaydayMoneyStore.com