At a press conference in Washington DC on Sept. 12th, 2007 former payday lending employees talk about industry. Included: William Harrod, Michael Donovan, and Rev. Grayland Hagler
At a press conference in Washington DC on Sept. 12th, 2007 former payday lending employees talk about industry. Included: William Harrod, Michael Donovan, and Rev. Grayland Hagler
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Do I feel the passion of the moment of this crucial issue? YES! Where is the consensus of ALL churches/denominations on this emperical phenomenon of the payday/title loan companies that prop up almost everywhere? By the way, I'm sure there are more of these institutions than there are abortion clinics in the U.S.
I can not believe that those guys stood up and told the truth! Every day in my hometown, there are payday loan stores popping up. This industry keeps growing, and it must me stopped!
I haven't seen a payday loan shop in my neighborhood in a while. I still see plenty of check cashing spots. In my experience those who don't have checking accounts are bankrupted. In many cases even if you pay the bank a fee for having an account, you'd still be better off than a paying the check cashing fee.
I am a manager at a paday loan place right now and I agree with what this vid said. The company I work for does not give a damn about the customers, only there pockets.
If the alternatives are better, why have MILLIONS gone to GENEROUS LENDING instead? Let the CONSUMER DECIDE what's best for them. If someone makes the "wrong" choice and go to into a "trap", they can go to an alternative choice, borrow some money to pay off the GENEROUS lenders, similar to credit companies competing by paying off your current high rate debt and then charge lower rates. Support CAPITALISM NOT COMMUNIST restrictions, it is the very fabric of our country's ideals.
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Where is the consensus of ALL churches/denominations on this emperical phenomenon of the payday/title loan companies that prop up almost everywhere? By the way, I'm sure there are more of these institutions than there are abortion clinics in the U.S.
Every day in my hometown, there are payday loan stores popping up. This industry keeps growing, and it must me stopped!