Payday Loans Pushing Millions of Middle Class Deeper into Debt

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Sub: #1 Payday Loans Pushing Millions of Middle Class Deeper into De
Replied on 03-31-2009, 07:00 AM
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This is a transcript of a story that came out last week.
Some intersting reading.
Link

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Sub: #2
Replied on 03-31-2009, 07:04 AM
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Good Post nohiogal, thanks!

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Sub: #3
Replied on 03-31-2009, 07:09 AM
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A quote from that article.
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So they may not be backed by banks but they have large lines of credit with them.

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Sub: #4
Replied on 03-31-2009, 07:16 AM
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Possibly, there is not a Check into Cash or Advance America on every corner for nothing. These CSOs are getting smarter by the minute and they are growing.

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Sub: #5
Replied on 04-02-2009, 08:45 AM
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The article states that many of the areas targeted have high African-American/Latino populations. Wonder how many PDL's are located on the Indian lands, esp. as so many of the illegal PDL's "hide out" there?




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