Comments on: What Are Payday Loans http://www.paydayloanlowdown.com/2006/10/what_are_payday.html News, information and tips on payday loans Fri, 21 Nov 2008 22:46:45 +0000 http://wordpress.org/?v=2.5.1 By: Dr Radius http://www.paydayloanlowdown.com/2006/10/what_are_payday.html#comment-6 Dr Radius Tue, 08 May 2007 02:05:06 +0000 http://www.paydayloanlowdown.com/2006/10/what_are_payday_loans.html#comment-6 tisk tisk all spam tisk tisk all spam

]]> By: Jim http://www.paydayloanlowdown.com/2006/10/what_are_payday.html#comment-5 Jim Sat, 05 May 2007 21:04:40 +0000 http://www.paydayloanlowdown.com/2006/10/what_are_payday_loans.html#comment-5 'Anyways, since I'm nobody to judge how a man manages or doesn't manage his money, I'll move onto what I'd rather talk about: payday loans.' -And exactly how is this not telling a man how to manage his money? 'In simple terms, payday loans are short-term loans for employed people. These loans are very convenient and handy, but have one small problem -- a high interest rate. Interests on payday loans have been known to cross the 500% mark!' This statement is simply a parroting of opinion, not verifiable fact. If you compare the short term (Payday) loan fee structure to interest, then you must also compare the Returned Check fees charged by the Banks and Retailers to interest. But you won't do that because it would resemble fair and balanced reporting. The opening statement in this post presents an opinion on the 'boys in uniform' falling prey to the "evil wiles" of the Payday Lender, as if the "boys in Uniforms" need to be protected from unscrupulous business practices such as lending money to a customer with a reasonable expectation of being repaid in a timely manner. Did it ever occur to you to ask the very simple question; Why do the 'boys in uniforms' go to these 'Payday Lenders'? No, it probably didn't, as tht question would require you to do a little research, and remove your ability to espouse theories on which you have little to no information. FYI The reason 'Anyone' utilizes the services offered by the PDL is very simple; the need for money. The reasons behind this need are not important to the PDL. Whether the 'boy in uniform' has done something which required the Command to reduce his income for the next month or so, his unexpected deployment coming up, his absolute 'need' to have the latest and greatest paintball gun available. None of these reasons, ( and they have all been used), are important to the PDL. The only things important to the PDL are; Do I have a reasonable expectation of this loan being repaid? Just a suggestion: Why not spend one-half the effort used pillorying a service offered to all consumers, military or civilian, to increase the wages earned by the 'boys in uniforms' so they are not required to apply for "Food Stamps", "WIC", and other "Government programs to live. ‘Anyways, since I’m nobody to judge how a man manages or doesn’t manage his money, I’ll move onto what I’d rather talk about: payday loans.’

-And exactly how is this not telling a man how to manage his money?

‘In simple terms, payday loans are short-term loans for employed people. These loans are very convenient and handy, but have one small problem — a high interest rate. Interests on payday loans have been known to cross the 500% mark!’

This statement is simply a parroting of opinion, not verifiable fact.
If you compare the short term (Payday) loan fee structure to interest, then you must also compare the Returned Check fees charged by the Banks and Retailers to interest. But you won’t do that because it would resemble fair and balanced reporting.

The opening statement in this post presents an opinion on the ‘boys in uniform’ falling prey to the “evil wiles” of the Payday Lender, as if the “boys in Uniforms” need to be protected from unscrupulous business practices such as lending money to a customer with a reasonable expectation of being repaid in a timely manner.
Did it ever occur to you to ask the very simple question; Why do the ‘boys in uniforms’ go to these ‘Payday Lenders’?

No, it probably didn’t, as tht question would require you to do a little research, and remove your ability to espouse theories on which you have little to no information.

FYI The reason ‘Anyone’ utilizes the services offered by the PDL is very simple; the need for money. The reasons behind this need are not important to the PDL. Whether the ‘boy in uniform’ has done something which required the Command to reduce his income for the next month or so, his unexpected deployment coming up, his absolute ‘need’ to have the latest and greatest paintball gun available. None of these reasons, ( and they have all been used), are important to the PDL. The only things important to the PDL are; Do I have a reasonable expectation of this loan being repaid?

Just a suggestion:

Why not spend one-half the effort used pillorying a service offered to all consumers, military or civilian, to increase the wages earned by the ‘boys in uniforms’ so they are not required to apply for “Food Stamps”, “WIC”, and other “Government programs to live.

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