January 20, 2009
By: Mari Holt
Category: Lead Exchange, Payday Leads
A recent post by the Payday Pundit brings light to an interesting article in the Omaha World Herald. This article draws a comparison between the payday loan fees and the health care industry. According to the Herald, “A study of payday loans in the Omaha area concluded that more than $19 million in excessive fees were not spent in other ways last year, with the health-care industry bearing the brunt of the lost dollars.” The article also goes on to say payday loans should not be banned because the alternatives are even worse for those states that have payday loans outlawed. I am confused? Do they want to keep payday loans or get rid of them?
Leadpile Lead Exchange is always looking for news going on with different states in the payday loan industry, however I am a little unclear if this is a article to promote payday loans or an article against payday loans? How do you see it?
I have read some studies that claim in the states that payday loans were banned, bounced checks and overdraft fees increased rapidly
1