The number of people taking out payday advances to survive has increased
exponentially recently. The market has been facing a bigger demand than ever
while, at the same time, many lawmakers are trying to obtain rid of them
altogether. Individuals might end up finding illegal ways to borrow if this
option is not open to them. Hopefully, legislators will allow personal loan
companies to keep working in peace. Occasionally you just need a payday loan
[1] to be available to you.

[1] https://personalmoneynetwork.com/payday-loans/

The basic problem is simple. People are irresponsible. People who, like our
government, want to live beyond their means.The problem is that these folks
do not want to prepare themselves to earn the necessary income that such high
flying life style requires. They want the “stuff” but do not want to take the
time and effort to earn the “stuff”. Poeple who apply for payday loans online
shoud take the responsibility for paying off their debts

crazydoglady made the best comment about this and it speaks volumes to many
other things in life as well… “There are people who can use these type of
loans responsibly”… Indeed, many of us could use these loans responsibly.
Many of us also didnt go out and buy homes and cars and other things that we
didn’t need back when you could get a half mil home loan just working the
drive thru at Taco Bell. The problem is most Americans are NOT responsible,
so the rest of us have to suffer as well. It reminds me of the time I was int
he military and we had mass punishments.

If you can’t list options for these people, then you have no room to talk
about what’s good for them and what’s not. Not one local bank will loan
small amounts of cash (under $1,000) due in a few weeks to people with bad
credit to help them if they need a car fixed or rent covered or a deductible
paid in an emergency. NOT ONE. Not even the credit unions. I work in the
business of payday loans. It is a needed product because of the times we live
in. When it is over-regulated like this, people lose one more option to pay
bills. Where do those people turn now? What do they do in time of crisis and
they need cash? Please give some answers and some solutions for them. I
assume you are aware of many other options to keep them from losing their job
if the car isn’t fixed or getting the medical creditors off their backs or
paying the rent in a pinch so they don’t lose their apartment, so please,
feel free to list them with links and phone numbers they can use.

Some people aren’t smart enough to not pay 400% interest so the government
has to protect them from themselves. These crook lenders are going to have to
learn how to earn money like the rest of us instead of stealing from the
poor. Stop crying for the loan sharks. I can hardly wait to see them pack up
and go.

Seriously! A couple weeks ago on Memorial Day weekend my A/C BROKE! 100+
degree temperature, I just arrived back in town on Thursday from a family
emergency back in the midwest that depleted my bank account for airfare,
etc., so thank goodness, I was able to hop online and grab a quick $800 for
the repair. I paid it back within days when my paycheck came in, but at that
moment, it was the only option I had. So no, on Saturday evening, I could not
sell personal belongings, get a second job, get a credit union loan, etc.
There are people who can use these type of loans responsibly and it is a
shame that the option won’t be there any more for actual emergencies like the
one I had. Anyone can abuse ANYTHING, but why punish everyone for those that
misuse. Obviously the answer would have been some kind of regulation of
overuse rather than abolishing the entire industry.

I work daily with consumers who need quick short-term loans. These are
hardworking everyday people who usually have a specific one time need that
they need to meet. Consumers in that situation do look around, compare their
options and make informed choices. These are educated people who understand
what is best for them and their families. It really is a shame that this
option has been taken away.

This article, unsigned in the Herald online, is, word for word, a press
release by Mike Sullivan, “Education Director” of Take Charge America. The
article appears on the organization’s website, dated June 9. Shouldn’t the
Herald tell its readers when it reprints press releases as if they were news?

Right on Ryan. But they forgot one source of income. People can join the
corner-side street beggar group. Apparently it pays enough so one can see the
same folks year after year dressed in dirty rags that even the thrift shops
wouldn’t sell.