Another blog post to further along our campaign against the payday loan industry!! According to the Center for Responsible Lending, payday lenders create their own demand with loan terms that generate rapid re-borrowing.
This is termed “payday churning”, or repeat borrowing of what payday lenders market as a short-term loan of a few hundred dollars. [...]
Entries Tagged as 'Video'
Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait
July 15th, 2009 · No Comments · Consumer Debt, PayDay Loans
Tags: borrower·Center for Responsible Lending·Credit Cards·Fees·interest·paychecks·payday loan industry·PayDay Loans·Video
Want a Laugh? Comedy Routine on the Subprime Crisis from Bird and Fortune
July 23rd, 2008 · No Comments · Banking, Consumer Debt
Hilarious analysis of the subprime crisis from Bird and Fortune. Two of my favourite quotes (I’m spelling rumor and favorite the British way since it’s a Brit speaking):
“Experts have to decided whether or not to Buy on the rumour and sell on the news, do the opposite, do both, do nothing [...]
Tags: Bird and Fortune·Comedy Routine·Crisis Hedge Fund·Subprime Mortgage·Video
