Comments on: Payday Loans: Clueless Errol Louis http://www.bloggernews.net/121522 High-quality English language analysis and editorial writing on the news. Wed, 25 Nov 2009 02:40:18 +0000 http://wordpress.org/?v=2.3.3 By: Payday Loans Stink http://www.bloggernews.net/121522#comment-1360159 Payday Loans Stink Wed, 22 Jul 2009 18:13:54 +0000 http://www.bloggernews.net/121522#comment-1360159 PAYDAY LOANS STINK! The political climate is changing and their end is near. Their store fronts are becoming more and more dangerous places to work. Their disgruntled clients are getting smarter, banding together and learning how to fight back. Payday Loan companies offered some valuable service to the community, but for too long, we've been playing by the unfair rules written by these powerful companies. PAYDAYLOANSSTINK.COM welcomes them to exist, but its time that the playing field is leveled. Payday Loan companies have proliferated through intimidation and misinformation for too long. PAYDAYLOANSSTINK.COM exists to give you - the consumer & the employee - the information you need to gain the upperhand. To escape their devious cycle-of-debt trap! PAYDAYLOANSSTINK.COM invites every one affected – including employees of the industry – to join in the discussion and learn from each other. - JUST STOP PAYING! Always remember to put a Stop Payment on your check. It forces them to stop charging interest and negotiate a payment on your terms. Not theirs! - Did you know that by sending them a simple Cease And Desist letter by certified mail, you can get all of their harassing phone calls – to you, your work and your family - to stop? - And did you know that many Payday Loan store fronts are blatantly breaking laws every day? That a simple letter to your City Council or your Attorney General could help to shut them down? Or even get some of your money refunded? - THE “EPP” EXTENDED PAYMENT PLAN – Available at nearly 70% of the nation’s Payday Loan stores, but yet you are never told about the EPP - “Right now your Payday Loan store is offering a three-month, interest-free payment plan for anyone who has a current loan! Save hundreds of dollars in interest. That’s right! Whether it’s Advance America, Check Into Cash, Quik Cash, Check N Go or some other Payday Cash Advance company, just tell them you are tired of paying interest and would like your FREE EPP. The Extended Payment Plan. Ask for it today before it’s gone!” PAYDAYLOANSTINK.COM thanks you for taking the time to read this quick comment. Our new site has much more detailed information available regarding the topics above. As well as – “Small Claims”, “BBB & FTC Complaints”, “Arbitration Agreements”, Community Forums & more! PAYDAY LOANS STINK! The political climate is changing and their end is near. Their store fronts are becoming more and more dangerous places to work. Their disgruntled clients are getting smarter, banding together and learning how to fight back. Payday Loan companies offered some valuable service to the community, but for too long, we’ve been playing by the unfair rules written by these powerful companies. PAYDAYLOANSSTINK.COM welcomes them to exist, but its time that the playing field is leveled. Payday Loan companies have proliferated through intimidation and misinformation for too long. PAYDAYLOANSSTINK.COM exists to give you - the consumer & the employee - the information you need to gain the upperhand. To escape their devious cycle-of-debt trap! PAYDAYLOANSSTINK.COM invites every one affected – including employees of the industry – to join in the discussion and learn from each other.

- JUST STOP PAYING! Always remember to put a Stop Payment on your check. It forces them to stop charging interest and negotiate a payment on your terms. Not theirs!

- Did you know that by sending them a simple Cease And Desist letter by certified mail, you can get all of their harassing phone calls – to you, your work and your family - to stop?

- And did you know that many Payday Loan store fronts are blatantly breaking laws every day? That a simple letter to your City Council or your Attorney General could help to shut them down? Or even get some of your money refunded?

- THE “EPP” EXTENDED PAYMENT PLAN – Available at nearly 70% of the nation’s Payday Loan stores, but yet you are never told about the EPP - “Right now your Payday Loan store is offering a three-month, interest-free payment plan for anyone who has a current loan! Save hundreds of dollars in interest. That’s right! Whether it’s Advance America, Check Into Cash, Quik Cash, Check N Go or some other Payday Cash Advance company, just tell them you are tired of paying interest and would like your FREE EPP. The Extended Payment Plan. Ask for it today before it’s gone!”

PAYDAYLOANSTINK.COM thanks you for taking the time to read this quick comment. Our new site has much more detailed information available regarding the topics above. As well as – “Small Claims”, “BBB & FTC Complaints”, “Arbitration Agreements”, Community Forums & more!

]]> By: Big Brother Too http://www.bloggernews.net/121522#comment-1359966 Big Brother Too Wed, 22 Jul 2009 15:55:24 +0000 http://www.bloggernews.net/121522#comment-1359966 It's amazing that everyone is responsible for our problems except for us and now people are suggesting that those who make decisions that they don't agree with are "stupid" and "weak?" In addition, we need government to step in and make individual financial decisions for us? How soon will it be before we're all considered incompetent and are no longer given the discretion to make personal decisions? It’s amazing that everyone is responsible for our problems except for us and now people are suggesting that those who make decisions that they don’t agree with are “stupid” and “weak?” In addition, we need government to step in and make individual financial decisions for us? How soon will it be before we’re all considered incompetent and are no longer given the discretion to make personal decisions?

]]> By: ohmy http://www.bloggernews.net/121522#comment-1337888 ohmy Fri, 10 Jul 2009 22:34:54 +0000 http://www.bloggernews.net/121522#comment-1337888 Anyone see the new articles by USA Today and ABC News about overdraft fees that banks charge? Why is the 29.00 overdraft fee not calculated as interest? Remember, with the bank, a $1.00 loan can cost you anywhere between $15 to $50. Financial institutions should be allow to offer this overdraft protection, payday loans, and other types of alternative lending with REASONABLE regulation that is not anticompetitive. There is a happy medium. Anyone see the new articles by USA Today and ABC News about overdraft fees that banks charge? Why is the 29.00 overdraft fee not calculated as interest? Remember, with the bank, a $1.00 loan can cost you anywhere between $15 to $50. Financial institutions should be allow to offer this overdraft protection, payday loans, and other types of alternative lending with REASONABLE regulation that is not anticompetitive. There is a happy medium.

]]> By: Concerned http://www.bloggernews.net/121522#comment-1337554 Concerned Fri, 10 Jul 2009 17:30:07 +0000 http://www.bloggernews.net/121522#comment-1337554 Very good response. I would add that over 100,000 people are employed by the payday loan industry and by vendors that service payday lenders nationwide. Is Mr. Morris seriously suggesting that it would be GOOD for the economy to suddenly add another 100,000 workers to the unemployment rolls (and take them off the taxpayer rolls)? Very good response. I would add that over 100,000 people are employed by the payday loan industry and by vendors that service payday lenders nationwide. Is Mr. Morris seriously suggesting that it would be GOOD for the economy to suddenly add another 100,000 workers to the unemployment rolls (and take them off the taxpayer rolls)?

]]> By: Pay Day Lender http://www.bloggernews.net/121522#comment-1337397 Pay Day Lender Fri, 10 Jul 2009 15:20:45 +0000 http://www.bloggernews.net/121522#comment-1337397 Very good response to the Errol piece. The negative impact of a rate cap would far outweigh any "good" it would to for consumers. It would completely destroy the PDL business to the point where PDLers would be out of business leaving consumers with fewer and more expensive options. Any regulation should help the consumer, not deny them a fair industry that many use to live payday to payday. Very good response to the Errol piece. The negative impact of a rate cap would far outweigh any “good” it would to for consumers. It would completely destroy the PDL business to the point where PDLers would be out of business leaving consumers with fewer and more expensive options. Any regulation should help the consumer, not deny them a fair industry that many use to live payday to payday.

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