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 Posted: Thu Oct 02, 2008 12:01 pm Subject: Current Credit Crunch |
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Has the current credit crunch slowed down the payday lenders?
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David
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dpetty121263
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| Posted: Thu Oct 02, 2008 12:16 pm Subject: |
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Yeah right!
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danilewis82
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| Posted: Thu Oct 02, 2008 1:29 pm Subject: |
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They are probably doing more business now. The credit crunch is affecting banks and lenders who offer traditional loan products. With them tightening up their approvals, and consumers not able to obtain traditional financing, I would argue more people are turning to PDLs as a last resort.
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DebtCruncher
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| Posted: Thu Oct 02, 2008 4:25 pm Subject: |
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Debt Cruncher sounds right to me. If people are unable to get loans through other means, I think more of them will turn to PDLs.
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alias1958
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| Posted: Fri Oct 03, 2008 5:34 am Subject: |
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I also agree with DebtCruncher, I'm betting the PDL owners are rubbing their hands together with glee over all the new customers! Other loan agencies are tightening their controls so it won't be as easy to get loans that way. Too, more and more people are experiencing financial difficulties and will be thinking "maybe I should give these PDl's a try?" I wish we could somehow get the word out that PDL's are just not worth it!!
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Pachacutec
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