Albert Meyer

Are Payday Lenders Saviors or Predators?

John S Gordon needs to familiarize himself with banks if if he wants to meet some first class bloodsuckers.

If the choice is a payday loan or a loan shark, I'll take the payday loan. Everything is above board and fully disclosed. Unlike the loan sharks they don't go for your kneecaps either.

If you need $200 to get your car fixed so you can go to work on Monday and not lose your job, no bank in the land will come to your aid.

In 2008, AEA lost $168 million in uncollectible loans. It's a two way street. High risk involved in extending a helping hand.

Finding Value in the Payday Loan Sector

Thanks for the update.

Payday Lender Stock Update

"South Carolina’s governor vetoed a bill that limited borrowers to one loan at a time and a certain number per year,..."

Why stop with Payday loans? Why not regulate how many packets of cigarettes we may smoke per month, how many whoppers we may eat per week, how many children we may have, how many times we may marry and divorce, how many miles we may drive, and the list goes on. The notion is that if some action may be potentially bad for us, we’d better ask our fat cat legislators to protect us from ourselves. How did that bill ever get as far as the governor’s desk?

The House in SC should be thoroughly fumigated. No self-respecting citizen should tolerate a legislator placing limits on their freedom of choice.

How Will Payday Lenders Be Affected by New Bill in Congress?

I sent your excellent analysis to Senator Durbin.