Posts Tagged Bank
FDIC: Payday Loans a Superior Form of Short Term Credit
Posted by admin in Payday Industry News, Underserved Borrower on April 16th, 2009
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FDIC: Payday Loans a Superior Form of Short Term Credit — Seeking Alpha
The November 2008 FDIC Study of Bank Overdraft Programs (ODP) proves beyond the shadow of a doubt what we’ve known all along: payday loans are a much cheaper short-term credit alternative than bank overdraft protection programs.
They go on to state the following conclusive points:
You can bounce a check for $60 and get charged $27 in NSF fees by your bank, or you can take out a $60 payday loan for $9.
Not even the ideologues can counter this argument. Simple fact. Right there in black and white. Just read the entire report yourself.
What do you think about the conclusions of the FDIC report?
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Payday Peer Lending Updates for 2009-03-23
Posted by admin in P2P Payday Loans, Peer-to-Peer Lending on March 23rd, 2009
- Happy St. Paddy’s Day YadYaprs http://bit.ly/LsNnG #
- YadYap named as one of Nexx’s favorite “new-era financial services” check it out: http://bit.ly/PzYEC #
- @reland1 Thank you for the welcome :) in reply to reland1 #
- @prosperlending thanks for the follow - we’ve enjoyed your blog for some time now. #
- From Rickety: YadYap Peer-to-Peer Payday Loans: Rickety has a great write up about YadYap and the P2P lending pl.. http://tinyurl.com/cfmewb #
- If you are peer lender ping me for info on how to get an early access pass to the YadYap lending platform. #
- The old blog at yadyap.wordpress.com has been moved to http://www.connectfund.com #
- Weekly Peer Lending Updates for 2009-03-16:
Savings Up; Short Term Loans Still Critical in 2009: Most economist.. http://tinyurl.com/d78kus #
Related articles
- Examples of online communities in the financial services industry (thecustomercollective.com)
- Examples of online communities in the financial services industry (freshnetworks.com)
- Why you can’t get a loan (money.cnn.com)
- Peer to Peer Lending Offers High Returns In Low Rate Environment (frugaldad.com)
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