Comments on: Payday Loan: A Healthy Alternative To NSF Fees? http://www.leadpile.com/lead-exchange-blog/2008/09/23/payday-loan-a-healthy-alternative-to-nsf-fees/ Leadpile - The World's Largest Lead Marketplace / Lead Exchange - Where Lead Buyers and Sellers Meet! Thu, 29 Sep 2011 15:20:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jeff Kursman http://www.leadpile.com/lead-exchange-blog/2008/09/23/payday-loan-a-healthy-alternative-to-nsf-fees/comment-page-1/#comment-3344 Jeff Kursman Tue, 30 Sep 2008 01:57:17 +0000 http://www.leadpile.com/lead-exchange-blog/?p=4714#comment-3344 You're right. Here's more information about payday loans vs. the fees banks charge for bounced checks. Compare the fees of consumers’ short-term credit options: $100 payday advance = $15 fee; overdraft protection = $29; late fee on a credit card bill = $37; $100 off-shore internet payday loan = $25 fee; bounced check and NSF/ Merchant fee = $55. * *Source: http://www.cfsa.net/cost_comparison.html When payday lending is banned, consumers face other, more costly short-term credit products available, such as: overdraft protection, late fees on credit cards and other bill payments and off-shore Internet lending. You’re right. Here’s more information about payday loans vs. the fees banks charge for bounced checks. Compare the fees of consumers’ short-term credit options: $100 payday advance = $15 fee; overdraft protection = $29; late fee on a credit card bill = $37; $100 off-shore internet payday loan = $25 fee; bounced check and NSF/ Merchant fee = $55. * *Source: http://www.cfsa.net/cost_comparison.html

When payday lending is banned, consumers face other, more costly short-term credit products available, such as: overdraft protection, late fees on credit cards and other bill payments and off-shore Internet lending.

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