Good info Mr.Garyspicuzza...Thank you

You're welcome.

Jeff according to your site a $1,000 loan for 7 days will cost someone $253.45 resulting in an Annual Percentage Rate of 1321.61%

This is according to your link.

I don't think the Mafia loan sharks pop you for 25% for a one week loan!

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Gary Spicuzza, *SAFE
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*Self Appointed Financial Expert

If your sleeping good at night, I pray for your soul.

As we all know that payday loans have a very high interest rate, but the benefit is that a person can come out of the financial crisis that he/she is suffering from and satisfy the urgent needs. No doubt that it may create a circle for debt for people who cannot repay them back on time. The terms & conditions should properly be understood by the person applying for the loan.

What people, who go to payday loan co's need to know is, that they should want to have an emergency fund more than a tv or case of beer.

Payday lenders fill a need - quick cash. They are a bad thing, no doubt. But, just because something is a bad financial idea is no need to make its activity illegal.

Harsh penalties encourage responsible behavior. In school, you had to remain after class for acting up. In life, someone will take your money or freedom as punishment for your poor choices.

Some people need to be rapped on the back of the hand to get them to realize that they ought to straighten up. I think of the payday lenders as just such instructors.

People will do what they do.

Consider payday lending confiscatory interest rates as tuition toward a PhD in Sound Judgment.

Kinda like how we should leagalize drugs?

Payday loans do charge a hight interest, thats why u should only get them in case of emergency.

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Business credit is the best way to go.

why use payday loans and get crazy percentages.