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A Close Look at Payday Lending

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Uploaded by on Apr 7, 2009

http://www.americanprogress.org/issues/2009/03/recovery_reinvestment101_updat...

What are payday loans and why do people use them? Who borrows from payday lenders? An why are policymakers focused on these loans in particular? CAP's Amanda Logan explains.

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  • I think that we've found installment loans are a much better option than payday loans. We got one from fastcashvegas com and the interest is a whole lot less, and they also give you a longer period to pay back.

  • DONT BORROW, IF U CANT PAY BACK

  • All of the jerks who came from the reason.tv related video can go fuck themselves.

  • It's none of your business, sweetie.

  • I don't think the fees are un reasonable at all... Did you know Child that I pay more in interest for my house than I would ever pay to a payday loan co, and that the cost of running the business that help people are relatively high, and that they usually operate with in a 10% profit window. Oh and not to mention the contracts are very clear, and they always lack ambiguity. you should address finical illiteracy, I think that would be a better use of Georges' money.

  • @anryth Yeah more like a George Soros funded spin doctor.

  • You can seriously fuck yourself with the most condescending piece of flatware you can think of. I can at least think of 2 times in my life where this has helped me... But I was an idiot, didn't understand that in 2 weeks I would pay 900% interest.

  • I have taken out 2 PD loans in my life. I can easily say, you are full of bullshit. Bullshit. Bullshit. Yes they are high interest loans, but I don't see you loaning me the money. The loan agreement is black and white as long as you can read. I can't stand liberals/progressives who have this retarded mindset that anyone in a lower economic class is retarded or dumber than the high and mighty.

  • If that child used some kind of conditioner in her hair, she could fluff it up and be fairly pretty.

    Just sayin'.

  • this is an expert?

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