I have never had a payday loan, so I'm really not here to defend myself.
But I operate a legitimate finance company in Illinois. My company is licensed, and my name appears on the license as being a secretary of the corporation. In order to get our license, I had to pay an insurance company to put up a $100,000 bond just in case I decided to break some laws. And when the state auditors come in once a year to look my books, the first thing they want to see is my copy of Illinois laws pertaining to loans. If I cannot show them my rules and regulations, they fine me $500.
What's my point? I really don't have one.
I will just ask, what does the title account manager really mean? I have about 10 account managers on my staff, and all they do is make phone calls. I pay them just above minimum wage. They come and they go. And what I find funny is that I get just as many collection calls coming into my office for my account managers who don't pay their own bills. Jeff, do you pay your bills?