Payday loans expensive but essential
Payday loans expensive but essential
Payday loans expensive but essential - 2006-01-09
Payday loans expensive but essential
Largely unregulated, lenders face new limits on loans, interest rates
Harold Nedd
Pacific Business News
From behind the counter of Payday Loans, Ed Britton says he has bailed countless people out of emergencies.
He's the guy they come to for instant cash.
All his customers need to do is show their last pay stub, then write a post-dated check for the amount they want to borrow plus 15 percent. They get the cash to cover the rent or get the car fixed.
When payday arrives, Britton cashes the check.
"It's obviously a service that's needed," said Britton, regional manager of Payday Loans of Hawaii Inc., which has five outlets across the state. "But some people believe that we go out on the street and bring people into our office and mug them for their money."
Britton is among two dozen payday lenders facing stricter regulations in Hawaii, where the payday-advance industry generates roughly $5 million in fees from about $40 million in loans made mostly to borrowers whose bad credit makes it difficult to obtain credit cards or conventional loans.
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Payday loans expensive but essential - 2006-01-09
Payday loans expensive but essential
Largely unregulated, lenders face new limits on loans, interest rates
Harold Nedd
Pacific Business News
From behind the counter of Payday Loans, Ed Britton says he has bailed countless people out of emergencies.
He's the guy they come to for instant cash.
All his customers need to do is show their last pay stub, then write a post-dated check for the amount they want to borrow plus 15 percent. They get the cash to cover the rent or get the car fixed.
When payday arrives, Britton cashes the check.
"It's obviously a service that's needed," said Britton, regional manager of Payday Loans of Hawaii Inc., which has five outlets across the state. "But some people believe that we go out on the street and bring people into our office and mug them for their money."
Britton is among two dozen payday lenders facing stricter regulations in Hawaii, where the payday-advance industry generates roughly $5 million in fees from about $40 million in loans made mostly to borrowers whose bad credit makes it difficult to obtain credit cards or conventional loans.
Online Free Recipes
Famous Quotes
Gatlinburg Cabins
Healthy Chicken Recipes
Sales Books
Chicken Recipes
Wes Zimmerman
Fireplace Mantles
recipes
Fast Cash Payday Loan Center
Recipes
Famous Quotes
Debt Consolidation Mortgage
Chicken Recipes
Love Quotes
sell home
SR22 Auto Insurance
Chicken Recipes
Quotes
Diabetic Recipes
Funny Jokes
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