-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.

However, it seems that although these ‘quick fix’ loans boast to help those with an immediate need, there is also the sublime appeal to those 9-5 workers, whom fallen on hard times, seeking to supplement or bridge their paychecks, during desparate times (out of work during the course of the loan, illness, etc), and may find they can’t repay. Are there any helpful options for them.

REACHING FOR A SOLUTION:
Would anyone know how such vulnerable WORKERS could actually get themselves released from a PAYDAY LOAN, if they find themselves in such a deadly debt cycle?

I SUGGEST: When in need, run the other way from these ‘quick fix’ money sources-They are not here to help you.

If you have the time and inclination to review the report you may find it interesting. It is available on the Federal Reserve Bank of New York website.

The key points are illustrated in the abstract found on page two of the report as seen below.

The abstract of the report states, ” We define predatory lending as a welfare-reducing provision of credit. Using a textbook model, we show that lenders profit if they can tempt households into “debt traps,” thatis, overborrowing and delinquency.

We then test whether payday lending fits our definition of predatory. We find that in states with higher payday loan limits, less educated households and households with uncertain income are less likely to be denied credit, but are not more likely to miss a debt payment.

Absent higher delinquency, the extra credit from payday lenders does not fit our definition of predatory.

Nevertheless, it is expensive.

On that point, we find somewhat lower payday prices in cities with more payday stores per capita, consistent with the hypothesis that competition limits payday loan prices.”

Always remember rolling existing payday loans can be a disaster financially. Please always borrow responsibly.

If you find that you are in a bind and are looking for a payday loan, consider http://aaapaydaycash.com . This lender is interesting because it is based in the US and is licensed by one of the states they operate in. You can actually call one of its team members to walk you through an application or you can apply online.