Comments on: PayDay Loans Rejected by Arizona Voters http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/ For the Up To Date News Fri, 20 Nov 2009 15:08:53 -0700 http://wordpress.org/?v=abc hourly 1 By: anon http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/comment-page-1/#comment-1605 anon Sun, 08 Feb 2009 08:39:15 +0000 http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/#comment-1605 I work at a payday loan place, trust me all we do is screw people over. We are encouraged to get people to borrow more... say their limit is 260 and they only want 200 .. we encourage them to take the other 60 so there is more interest. honestly its a huge huge huge screw over for the people using these. I hope I find a new job soon , because I absolutely hate what Im doing for and to these people. I work at a payday loan place, trust me all we do is screw people over. We are encouraged to get people to borrow more… say their limit is 260 and they only want 200 .. we encourage them to take the other 60 so there is more interest. honestly its a huge huge huge screw over for the people using these. I hope I find a new job soon , because I absolutely hate what Im doing for and to these people.

]]> By: Kristy http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/comment-page-1/#comment-1220 Kristy Tue, 18 Nov 2008 02:20:10 +0000 http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/#comment-1220 Faxless, though the loans are SHORT TERM, during that SHORT TERM, they are still 400%. Not buying into it. Faxless, though the loans are SHORT TERM, during that SHORT TERM, they are still 400%.

Not buying into it.

]]> By: Emily Winkle http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/comment-page-1/#comment-1213 Emily Winkle Mon, 17 Nov 2008 19:49:36 +0000 http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/#comment-1213 Hi, I'm Emily and I work with Check 'n Go. And part of my job is to see what conversation is taking place about the payday loan industry. If you have any questions, please don't hesitate to ask, or visit checkngo dot com. Hi, I’m Emily and I work with Check ‘n Go. And part of my job is to see what conversation is taking place about the payday loan industry. If you have any questions, please don’t hesitate to ask, or visit checkngo dot com.

]]> By: Faxless Payday Loans http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/comment-page-1/#comment-1202 Faxless Payday Loans Mon, 17 Nov 2008 16:14:50 +0000 http://www.creditinfocenter.com/wordpress/2008/11/14/payday-loans-rejected-by-arizona-voters/#comment-1202 Why do the people against payday lending not get it? An APR of 400% is amazingly high but it is NOT applicable. The Loans are SHORT TERM. If you have a loan out for 2 weeks, the say they are intended, the interest you pay is 16% (417% APR) only. If that rate is cut to 10 times less the lenders make 1.6 or 1.60 per hundred per 2 weeks. Of course the industry will have to shut down. Instead of just looking at numbers do a little research. If something works out great for parties A and B why should C come in and say this can't happen? Why do the people against payday lending not get it? An APR of 400% is amazingly high but it is NOT applicable. The Loans are SHORT TERM. If you have a loan out for 2 weeks, the say they are intended, the interest you pay is 16% (417% APR) only. If that rate is cut to 10 times less the lenders make 1.6 or 1.60 per hundred per 2 weeks. Of course the industry will have to shut down. Instead of just looking at numbers do a little research. If something works out great for parties A and B why should C come in and say this can’t happen?

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