Business For Sale Listing 146611
Payday & Cash Advance Services
Status as of Dec-1-2008 at 06:01 PM: Off The Market
Business Summary
This is a great business that truly helps people. Be a part of a growing industry. Call us TODAY!!!
A Second Look at Payday Loans - Payday lenders get a bad rap for charging exorbitant rates on short-term loans. But according to Donald Morgan at the Federal Reserve Bank of New York, they may be better lifelines for cash-strapped consumers than other options.
Payday advances may not be ideal, the author argues, but the alternatives are worse. Without that option, consumers may be resorting to banks' overdraft protection or loans from pawn shops, which usually charge higher interest. Or even worse, they just don't pay their bills.
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