Ask most people what they know about a payday loan and they will recite the horror stories they have heard in the news. My own personal experience with payday loans has been quite different. If I were to go to a friend of mine and borrow $100 dollars for a short term and my friend told me that it was a strain and that she would need me to pay her back an additional $15 for the inconvenience, that seems fair enough. We should look at payday lenders in the same way. I’ve borrowed from them a few times and just paid the fee for their “inconvenience”.
Not the Norm
November 13th, 2009 | Business
