Read about a lawsuit against Fifth Third Bank’s payday loan product here. I totally endorse the portion of the lawsuit that calls the APR misleading.  I think it is misleading.  If you take out a loan secured against your next paycheck at $10 per hundred borrowed, and that loan is advertised or disclosed as 120% [...]

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One of the interesting things I’ve learned about payday loans is that there are many affiliates online that steer customers towards getting a loan.  This one takes the cake.  Nadya Suleman, the Octomom herself, has lent her name and image to a payday loan affiliate site. Affiliates will collect a customer’s information and sell that [...]

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I’ve noticed something really distasteful when I read about payday loans in the media.  Whenever the media or an opponent bashes payday lending, there is an implication made regarding the borrower.  It isn’t always obvious, but if you read between the lines, the subtext is that borrowers are stupid to be using this product. This [...]

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James May’s 20th Century on DVD is an entertaining and engaging six-part series which was a huge BBC hit. It has made its North American debut in July and is available on Amazon. James May travels from continent to continent and even goes back in time to learn how the new technologies have revolutionized every [...]

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There are various sources that offer information on who uses payday loans. One might assume that a 2001 study on payday demographics might be outdated, but I doubt that’s the case.  Because payday loans are used primarily by people who live paycheck-to-paycheck, it stands to reason that there wouldn’t be much difference in demographics ten [...]

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The rules and regulations for payday loans are determined by the states.  Each individual state usually has a statute that governs payday loans, how much can be charged, other fees permitted, and other regulations and requirements.  The laws are very similar from state to state, with a few minor differences here and there.  I think [...]

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What Is A Payday Loan? Payday loans are short-term loans offered in small dollar amounts.  The term of the loans is around 14 days, give or take, because the due date is when the customer receives their next paycheck.  Loans are usually for less than $500. A person might need a payday loan because they [...]

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Garrow’s Law, Series 3 is now available on DVD. Andrew Buchan stars as virtuous barrister William Garrow, a man unafraid to confront the injustices of the 18th century English legal system At the Old Bailey, William Garrow continues to fight for prisoners’ rights, an uphill battle in 18th-century England. The French Revolution has made the [...]

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I have a cardinal rule on the subject of interviews, learn as much about the subject to be discussed as you possibly can, before you ask questions. Unfortunately time was not on my side and so I was most definitely coming from a position of weakness with this interview. Joe Gilberti’s story is both simple, [...]

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Watching Indian media makes one believe that India would be one of the best places in this world in another 10-15 years, if it is not already today. Not long ago, similar optimism existed where we often compared ourselves with China and claimed to be ‘superpower’. When Ms. Hillary Clinton stated, in leaked WikiLeaks cables, [...]

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