http://www.bloggernews.net/121103 High-quality English language analysis and editorial writing on the news. Tue, 24 Nov 2009 17:05:10 +0000 http://wordpress.org/?v=2.3.3 http://www.bloggernews.net/121103#comment-1296839 Big Brother Too Wed, 17 Jun 2009 20:30:03 +0000 http://www.bloggernews.net/121103#comment-1296839 Not only does Virginia have more significant "problems" and concerns that are plaguing the state, but payday loans are not the cause or contributors of the current condition of the economy. Unfortunately, it's the so-called established and highly regarded traditional institutions and their adjustable rate products that have aided in the recent downturn. In addition, studies and audits continue to show that complaints are few and far between especially compared to the number of people that use the products. Neither credit unions nor banks are offering short-term loans as a primary product but are instead offering small amounts to account holders who have direct deposit. They're not willing to take the risks associated with offering alternative financial services. Not only does Virginia have more significant “problems” and concerns that are plaguing the state, but payday loans are not the cause or contributors of the current condition of the economy. Unfortunately, it’s the so-called established and highly regarded traditional institutions and their adjustable rate products that have aided in the recent downturn. In addition, studies and audits continue to show that complaints are few and far between especially compared to the number of people that use the products. Neither credit unions nor banks are offering short-term loans as a primary product but are instead offering small amounts to account holders who have direct deposit. They’re not willing to take the risks associated with offering alternative financial services.

]]> http://www.bloggernews.net/121103#comment-1280251 Matthew Mayer Sat, 06 Jun 2009 05:05:27 +0000 http://www.bloggernews.net/121103#comment-1280251 Bill is very quiet. I guess that tells us how much validity his claim has. Bill is very quiet. I guess that tells us how much validity his claim has.

]]> http://www.bloggernews.net/121103#comment-1275487 Lawrence Meyers Wed, 03 Jun 2009 22:04:34 +0000 http://www.bloggernews.net/121103#comment-1275487 Bill: Please offer an explanation as to why you feel that way. Bill:
Please offer an explanation as to why you feel that way.

]]> http://www.bloggernews.net/121103#comment-1275427 bill Wed, 03 Jun 2009 21:30:14 +0000 http://www.bloggernews.net/121103#comment-1275427 This is B.S. Payday loans are bad for individuals and bad for the economy. This is B.S. Payday loans are bad for individuals and bad for the economy.

]]> http://www.bloggernews.net/121103#comment-1274584 Pay Day Lender Wed, 03 Jun 2009 14:21:41 +0000 http://www.bloggernews.net/121103#comment-1274584 Payday lenders are indeed hurt by the rate caps. It forces them to be less effective and in order to stay in business they would need to raise prices thus making them a poor option for a loan. This allows other industries to raise their prices since they'll still be a better alternative than payday lenders. This just hurts the consumer. Payday lenders are indeed hurt by the rate caps. It forces them to be less effective and in order to stay in business they would need to raise prices thus making them a poor option for a loan. This allows other industries to raise their prices since they’ll still be a better alternative than payday lenders. This just hurts the consumer.

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