Payday Loans, Pawnshops Doing Fine in This Economy

My husband and I know a guy that does tech support for a company that does payday loans. Recently, when the economy came up, he said something to this effect: “Payday loans are doing just fine. In fact, the company I do work for is seeing an increase.”
This information, though somewhat disheartening, is not all that surprising. As credit card companies and other lenders tighten their credit requirements and boost their interest rates, many people (and businesses) are turning to fast cash.  Cash that doesn’t require an extensive credit check to get.
While payday loans can provide you with a short-term …read more