Current Credit Crunch
Date: Thu, 10/02/2008 - 12:01
They are probably doing more business now. The credit crunch is
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.
Debt Cruncher sounds right to me. If people are unable to get l
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.
I also agree with DebtCruncher, I'm betting the PDL owners are r
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!!