Quote:
Originally Posted by rcentros
If you say so. I think it's telling that one of the high growth sectors in business is for dollar stores and pay-day loans. Catering to the high-end may have a short shelf life.
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Do you have any evidence of growth in payday loans? I am perceiving quite the opposite. It is possible that it really depends on the state you live in.
I live in Ohio, so this applies directly to me:
Payday lenders reaping what they have sowed. From what I have perceived, anecdotally and from personal experience, is that traditional payday lending was doomed. Not proud about it, but I was trapped myself. Once the 2008 bill passed into effectiveness I stiffed every single one of the open loans I had and made them bounce into an account that was by then overdrawn. It is possible that that was done maliciously and on purpose by me, but not sure now, it has been a while.
Best financial decision ever for me.