Is Payday Lending Rate Really 390% OR More?
The following are two interesting videos concerning PayDay Lending. The first video is from the PayDay Lender Check-N-Go where they are defending their insane APR (Annual Percentage Rate) of 390%!!
Savings Enemy #2 Is… Payday Loans
April 17, 2009 By Leave a Comment
Easy Cash Around The Corner There is an amazing source of “easy cash” …at your local “Payday Lender”. It is estimated that payday lenders provide instant cash to more than 15 million people each month. According to the Center of Responsible Lending (http://www.responsiblelending.org/), for the year ending 2006, there were over 23,000 payday loan outlets [...]