tag:blogger.com,1999:blog-9827454.post6585427976999533056..comments2023-10-23T12:23:54.134-05:00Comments on Larry James' Urban Daily: The high cost of pay day loans. . .Larry Jameshttp://www.blogger.com/profile/06124477733714017000noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-9827454.post-87004931522083275282012-03-30T02:29:13.610-05:002012-03-30T02:29:13.610-05:00The information that you have shared in this post ...The information that you have shared in this post is very informative. I was once very anxious about payday loans and today, I came to understand its use.Payday Loan in San Antoniohttps://www.paydayforest.com/noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-56059282862610986892011-01-21T00:12:52.009-06:002011-01-21T00:12:52.009-06:00Consumers who run short of money before payday pro...Consumers who run short of money before payday probably cannot manage to borrow from a payday loan store. High cost loans that must be repaid on the next payday to keep the check from bouncing usually don't solve a financial crisis.<br /><br /><a href="http://www.1500paydayloan.net/" rel="nofollow">Payday Loan</a>Unknownhttps://www.blogger.com/profile/13040519125032592522noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-38043420341869055642009-04-11T06:56:00.000-05:002009-04-11T06:56:00.000-05:00insightful. gr8 info shared.the thing I love about...insightful. gr8 info shared.<BR/>the thing I love about Payday loans is that they are meant to be short term and can help in a difficult situation if you are running a little short on cash during the month.rayahttp://www.paydayloantoday.com/noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-85099670844670121222008-12-04T08:12:00.000-06:002008-12-04T08:12:00.000-06:00No commercial ads will be allowed.No commercial ads will be allowed.Larry Jameshttps://www.blogger.com/profile/06124477733714017000noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-80095677067500795622008-09-09T12:19:00.000-05:002008-09-09T12:19:00.000-05:00Commercial ads are not allowed on this site.Commercial ads are not allowed on this site.Larry Jameshttps://www.blogger.com/profile/06124477733714017000noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-66324520991079213062008-07-11T22:01:00.000-05:002008-07-11T22:01:00.000-05:00In other words, each year, payday loans cost Texas...In other words, each year, payday loans cost Texas families nearly double what the state sets aside for financial aid so that aspiring students can attend higher education. And because of their payday <A HREF="http://loans.loansrestructuring.com" REL="nofollow">loans</A>, many texan families have bigger debts because of bigger interests.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-69691486593732306512008-04-30T05:29:00.000-05:002008-04-30T05:29:00.000-05:00well many families struggle every month, working h...well many families struggle every month, working hard to make ends meet. Consumers who run short of money before payday probably cannot manage to borrow from a payday loan store. High cost loans that must be repaid on the next payday to keep the check from bouncing usually don't solve a financial crisis.<BR/><BR/>sudipta das<BR/>------------<BR/><A HREF="http://www.grantauthority.com" REL="nofollow">small business grants</A>Sudipta Dashttps://www.blogger.com/profile/15576598115739268572noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-35247635630075181632008-03-07T11:38:00.000-06:002008-03-07T11:38:00.000-06:00Charles, good suggestion. Done.Charles, good suggestion. Done.Larry Jameshttps://www.blogger.com/profile/06124477733714017000noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-77590881862153060612008-03-06T22:29:00.000-06:002008-03-06T22:29:00.000-06:00Larry, you are wonderfully open-minded about comme...Larry, you are wonderfully open-minded about commenters, but can you delete the previous one and the earlier one sent by a representative of this "industry"? Maybe we can't shut down the stores but at least we can keep them from advertising on our sites.Anonymoushttps://www.blogger.com/profile/08279077111112195273noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-43712153748300431212008-02-28T17:42:00.000-06:002008-02-28T17:42:00.000-06:00Charles:If you read my first comment you will see ...Charles:<BR/><BR/>If you read my first comment you will see I am not talking about payday abuses. I am talking about sub-prime loans, which in both cases have high interest rates in common.Chrishttps://www.blogger.com/profile/10713185419474601750noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-12994075067760200202008-02-28T17:24:00.000-06:002008-02-28T17:24:00.000-06:00Chris: I'm glad you think so. Once again, is ther...Chris: I'm glad you think so. Once again, is there any evidence tying this legislation to payday abuses? Sorry to keep pushing for facts - I know it's inconvenient. And no, I don't mind putting the burden of proof on the one making the claim in the first place.<BR/><BR/>But looks like you have a friend in Grant who can abhor the unwashed masses and be so glad you're gosh-darn good enough to avoid being one of them. Huzzah for you!Anonymoushttps://www.blogger.com/profile/08279077111112195273noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-39103481083135012522008-02-28T16:36:00.000-06:002008-02-28T16:36:00.000-06:00If these people can't make it in Austin, TX, they ...If these people can't make it in Austin, TX, they are doing something wrong. Payday loans are not their problem, their problems go much deeper than that. With a median price of a house at less than 200k, they could work at McDonald's and afford a less than average house. A $300 payday loan is not going to put these people under, they are either already really far in debt, or they are buying things with their money that they shouldn't. Stop blaming the payday industry and start putting some responsibility on the idiots that are making bad decisions. I use payday loans, and I am out of debt because of them. Be smart, and they are a great help!Unknownhttps://www.blogger.com/profile/08604191047408904228noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-32523401701910304762008-02-28T13:50:00.000-06:002008-02-28T13:50:00.000-06:00Jeff W., great to hear your plans! Let us know if...Jeff W., great to hear your plans! Let us know if and how we can help/partner. Mohammed Yunis, founder of the Graamen Bank and Noble Peace Prize winner for his microloan revolution, when asked what could be done in the USA that might have comparable impact on the incomes and economic benefit of the poor in this country said that the best thing we could do would be to eliminate pay day loans from our economy. <BR/><BR/>Payday Rep: the interest rates you charge are the point. Immoral comes to mind. And then, I think you miss the point of the Utah study. . .at least the connection I'm seeing between Evangelical theology/worldview and the prevalence of payday lending: while your industry may target such groups in your marketing, the fact that these states allow such relates to the connection between such theology and a parallel political value system that applauds unregulated capitalism. The policy and the theology are both all wrong.Larry Jameshttps://www.blogger.com/profile/06124477733714017000noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-72979838428949402222008-02-28T13:36:00.000-06:002008-02-28T13:36:00.000-06:00Charles:I think the sub-prime mess had its genesis...Charles:<BR/><BR/>I think the sub-prime mess had its genesis in the Community Reinvestment Act of 1977 under the Carter administration.Chrishttps://www.blogger.com/profile/10713185419474601750noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-79758644614503082392008-02-28T12:54:00.000-06:002008-02-28T12:54:00.000-06:00Yes, these places are generally found in the not-s...Yes, these places are generally found in the not-so-wealthy neighberhooods. I had one right accross from my house in Memphis and asked the manager what sort of interest rates would be charged for a $500 loan. After telling me, he reminded me that everything was done "in accordance with the law." <BR/><BR/>That is the precise problem. Legislation is made to protect people and ensure fairness. Yet somehow, an oppressive industry has found a way to use the law to their own advantage. Some things never change.<BR/><BR/>"Our Father... Let Your kingdom come and let Your will be done on earth as in heaven."<BR/><BR/>RexAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-71607740112201022272008-02-28T12:28:00.000-06:002008-02-28T12:28:00.000-06:00Larry,I've been making plans (however limited) to ...Larry,<BR/><BR/>I've been making plans (however limited) to make this very issue a focus of my public life and ministry. I'm hoping to help build a community group where I live (mid-cities) with two united approaches to the payday lending problem: community education and community resistance.<BR/><BR/>Your writings about the realities of community organization at CDM have had a big impact on my thinking on this issue. I foresee the education initiative as both empowering and employing my neighbors. I foresee the resistance initiative as bringing the resources of local government and "honest" banks into play.<BR/><BR/>I'll have to write you soon about further details (possible players, etc.). I'd appreciate prayers for wisdom in the meantime.<BR/><BR/>Jeff WAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-38310303568123349772008-02-28T10:58:00.000-06:002008-02-28T10:58:00.000-06:00Payday Rep:I noticed you didn't say anything about...Payday Rep:<BR/><BR/>I noticed you didn't say anything about the real issue: not who is lending to who, but on what terms. But I guess 400% + is pretty hard to defend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-31485078171935106362008-02-28T10:31:00.000-06:002008-02-28T10:31:00.000-06:00Payday Rep, it seems to say that the interest rate...Payday Rep, it seems to say that the interest rates are higher where there are predominate groups of evangelicals, translated, perhaps, right wing Republicans who are politically willing to allow for higher rates and proliferation of such lenders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-24645005104509904742008-02-28T09:50:00.000-06:002008-02-28T09:50:00.000-06:00Lee, interesting indeed. I'll look at the article...Lee, interesting indeed. I'll look at the article and the research. Thanks for posting. I'm wondering if Evangelical preferences in our national life and history might also explain why it took us until 2008 to discover that a woman could be a serious contender for President???<BR/><BR/>Alice MaeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-79226300550813807532008-02-28T09:04:00.000-06:002008-02-28T09:04:00.000-06:00Chris, I think it was the Loch Ness monster. At t...Chris, I think it was the Loch Ness monster. At this point, I have the same amount of evidence for it as Congress. Do you have any source that's not a talk show host? I really would like to see any evidence of this.Anonymoushttps://www.blogger.com/profile/08279077111112195273noreply@blogger.comtag:blogger.com,1999:blog-9827454.post-17221045027095222182008-02-28T08:33:00.000-06:002008-02-28T08:33:00.000-06:00This makes interesting reading. The more evangelic...This makes interesting reading. The more evangelicals in an area, the more pay day lenders!<BR/><BR/>http://www.law.utah.edu/news/show-news.asp?NewsID=105<BR/><BR/>Research finds geographic link between conservative Christian population and high-interest loan locations<BR/><BR/>February 11, 2008 --- Payday lenders, creditors that charge interest rates averaging about 450 percent, are more prevalent in Conservative Christian states, according to a new study coauthored by University of Utah law professor Christopher Peterson. The study, which is based on the most comprehensive database of payday lender locations yet compiled, maps a surprising relationship between populations of Christian conservatives and the proliferation of payday lenders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-11306982032243459332008-02-28T07:40:00.000-06:002008-02-28T07:40:00.000-06:00Pilate had power. That is why the chief priests a...Pilate had power. That is why the chief priests and rulers wanted to meet with him. They had the religious, political and money power. They had the power of the soldiers and the sword. <BR/><BR/>There was this man who was powerless from an earthly standpoint. He was a teacher. His principles are timeless.<BR/>1. Be shrewd in dealing with people.<BR/>2. Be trustworthy with money in your care whether little or much.<BR/>3. If you can’t be trusted to take care of a rent house, you won’t ever have your own house.<BR/>4. You cannot serve God and money. It is one or the other.<BR/>5. Many religious/political leaders love money, justify themselves, but God sees right through it.<BR/>6. What is valued among men is despised by God. <BR/>7. Divorce is a set up for adultery.<BR/>8. Those who ignore the poor and sick are lost.<BR/><BR/>This powerless teacher was did what all humans do. He died. So did Pilate. <BR/><BR/>Guess whose tomb was empty on the third day. Not Pilate’s.<BR/>Luke 16<BR/>Larry WishardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-80204757707538615472008-02-28T07:16:00.000-06:002008-02-28T07:16:00.000-06:00I have a related question. Wasn't it congress who ...I have a related question. Wasn't it congress who mandated sub-prime interest loans, who said that loans must be made to people who couldn't afford them?Chrishttps://www.blogger.com/profile/10713185419474601750noreply@blogger.com