Comments on: Pros and Cons of Payday Loans http://www.smartmoneydaily.com/personalfinance/pros-and-cons-of-payday-loans.aspx An Offbeat Look at what Makes the World Go Round Tue, 16 Mar 2010 18:15:46 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: financial wellness project » the weekly carnivals, dbn, and pf blogosphere roundup http://www.smartmoneydaily.com/personalfinance/pros-and-cons-of-payday-loans.aspx/comment-page-1#comment-1566 financial wellness project » the weekly carnivals, dbn, and pf blogosphere roundup Mon, 27 Oct 2008 07:16:07 +0000 http://www.smdwebhosting.net/personalfinance/pros-and-cons-of-payday-loans.aspx#comment-1566 [...] cons relatively well, for instance this pros and cons of payday loans at squidoo, and another one at smart money daily.  i’m a bit on the fence in this [...] [...] cons relatively well, for instance this pros and cons of payday loans at squidoo, and another one at smart money daily.  i’m a bit on the fence in this [...]

]]> By: Jason Dean http://www.smartmoneydaily.com/personalfinance/pros-and-cons-of-payday-loans.aspx/comment-page-1#comment-381 Jason Dean Fri, 20 Jul 2007 07:10:47 +0000 http://www.smdwebhosting.net/personalfinance/pros-and-cons-of-payday-loans.aspx#comment-381 Payday loans serve a definitely much needed niche. The most important thing is that people who use them UNDERSTAND the terms they're getting into. So long as that's the case, then it is between the lender and the borrower. In fact, the amount of regulation that does exist leads to higher interest rates, thanks to less competition. State and federal governments should lower the barriers to making loans, thereby attracting more lenders to the marketplace, which would cause competition that would lead to lower interest rates and a "normal" profit. But yes; in my opinion, people should definitely try to avoid using payday loans by maintaining available credit on their credit cards to meet emergency expense needs. Payday loans serve a definitely much needed niche. The most important thing is that people who use them UNDERSTAND the terms they’re getting into. So long as that’s the case, then it is between the lender and the borrower. In fact, the amount of regulation that does exist leads to higher interest rates, thanks to less competition. State and federal governments should lower the barriers to making loans, thereby attracting more lenders to the marketplace, which would cause competition that would lead to lower interest rates and a “normal” profit.

But yes; in my opinion, people should definitely try to avoid using payday loans by maintaining available credit on their credit cards to meet emergency expense needs.

]]> By: Bean http://www.smartmoneydaily.com/personalfinance/pros-and-cons-of-payday-loans.aspx/comment-page-1#comment-376 Bean Thu, 19 Jul 2007 05:00:01 +0000 http://www.smdwebhosting.net/personalfinance/pros-and-cons-of-payday-loans.aspx#comment-376 I never thought about it like that, to be honest. I would never dream of using Money Mart. I don't know many people on welfare. My friends are most professionals who pride themselves on how they spend their money. At least that's what they say. Everybody does have expensive habits. The more money you make, the more money you spend. Most of things you buy, you don't need. I never thought about it like that, to be honest.
I would never dream of using Money Mart. I don’t know many people on welfare. My friends are most professionals who pride themselves on how they spend their money. At least that’s what they say.

Everybody does have expensive habits. The more money you make, the more money you spend. Most of things you buy, you don’t need.

]]> By: TBanker http://www.smartmoneydaily.com/personalfinance/pros-and-cons-of-payday-loans.aspx/comment-page-1#comment-106 TBanker Wed, 13 Jun 2007 07:30:56 +0000 http://www.smdwebhosting.net/personalfinance/pros-and-cons-of-payday-loans.aspx#comment-106 mainstream media, the military, Congress, federal and state regulators, community groups, and the plaintiffs bar – just to name a few. Yet, few deny the demand for small dollar lending. Unfortunately, banks and credit unions have yet to put forth a less expensive product that also competes when it comes to convenience, approachability, privacy, and simplicity. We developed the RevelCard as a means to bring consumers an affordable payday loan alternative. The RevelCard’s “Bank on a Card” objective delivers all the common services expected at a typical bank branch through nonbank, alternative delivery channels – meeting the consumer on his/her terms and where he/she feels comfortable conducting their financial business. Features include: • A low cost transaction account accessed through a prepaid MasterCard • Full online banking capabilities, including bill payment and money transfers • RevelAdvance – a small dollar loan feature 40-60% less than a payday loan • RevelSave – an integrated savings account • RevelSpendTrend – online budgeting and expense tracking Check out the first scalable banking alternative to payday lending at http://underbanked.blogspot.com and http://www.revelcard.com. mainstream media, the military, Congress, federal and state regulators, community groups, and the plaintiffs bar – just to name a few. Yet, few deny the demand for small dollar lending. Unfortunately, banks and credit unions have yet to put forth a less expensive product that also competes when it comes to convenience, approachability, privacy, and simplicity. We developed the RevelCard as a means to bring consumers an affordable payday loan alternative. The RevelCard’s “Bank on a Card” objective delivers all the common services expected at a typical bank branch through nonbank, alternative delivery channels – meeting the consumer on his/her terms and where he/she feels comfortable conducting their financial business. Features include: • A low cost transaction account accessed through a prepaid MasterCard • Full online banking capabilities, including bill payment and money transfers • RevelAdvance – a small dollar loan feature 40-60% less than a payday loan • RevelSave – an integrated savings account • RevelSpendTrend – online budgeting and expense tracking Check out the first scalable banking alternative to payday lending at http://underbanked.blogspot.com and http://www.revelcard.com.

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