Joe Sanders wrote on December 02, 2008 11:46 AM: However, the usefulness of such payday loans highly depends on the applicant needs. For a person in emergency who expect can payback in due date, such loans may help. The condition of loan lender is important too. Very high interests are a drawback, but some companies are more customer oriented and even accept bad credit persons.

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roy wrote on November 13, 2008 09:19 PM: Let me tell you something alright? Leading up to the time that we had to take out a cash loan, we didn't see anything but negative remarks from others online about the cash loan industry. We ended up almost losing our car because we waited. At the last minute, we borrowed $400 from http://www.cashloancity.com and I really believe it is the only thing "at the time" that saved us. I understand that there's a problem with some people abusing this industry and crying about it later, but what about the people that really need it and pay it back on time? We're even getting ready to have a positive mark on our credit because of it. Why are the people that never need this type of loan the same people that keep others from being able to get one?

Payday Loan Advocate wrote on October 16, 2008 11:25 PM: In October, 2007, a bill took effect that eliminated the access of a certain group of people to no fax payday loans. This bill was supported massively by both current presidential candidates. It capped the interest rate that payday loan stores could charge military personnel at 36%. The reason behind it was that an increasing number of soldiers in the Army, Navy, Air Force, Coast Guard, National Guard and the Marine Corps had been discovered that some of these loans had been taken out in their name without their knowledge. Some of them were victims of identity theft. Some of their spouses had taken out the loans without their knowledge and then had defaulted on them. To top that all off, many members of the military, who are on the lower end of the income scale, don’t have a great deal of access to professional financial advising. In the interest of protecting these valued members of society and to keep them from getting their security clearance compromised, the government ruled in favor of the measure. Senator Obama has gone on record stating that he will impose the same cap for the entire nation, and thereby legislatively killing the entire payday industry. We do not mean to tell you how to vote, because that’s your business, and it is up to each individual to vote their conscience. However, bear in mind that if the candidate were to make good on this looming threat to an entire industry, remember that he will be adding to unemployment and taking away a valuable service to all Americans.
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Michelle wrote on June 02, 2007 01:18 PM: These payday, title, and signature loan companies are nothing more than loan sharks. They need to go away. They insist that they are providing a service to lower income people who can't get traditional loans. That is crap, and we all know this. Something always happens to most of the people who get these loans. We get them because we had to take a couple of days off sick , or the car broke down, or take the kids to the doctor. Then, inevitably, something else happens.When you live paycheck to paycheck, thats the way it is, and you just can't afford to borrow money. You never get caught up. Period. All it does is add another bill to be paid. I am there. And slowly trying to crawl out of this hole that I dug for myself. While my kids don't go without the necessities, I often have to. I juggle the bills, pay the important ones, and do what I can, when I can with the rest. These places are a virus, and our state congress has the power to immunize us against them. Ban them. Get them out of our state. Start passing laws that benefit the people and not corporations.