be it payday lenders, or title lenders, they are both scum
they give a bad name to the world of banking and finance
but they provide a service.....that none other than the local loan sharks use to provide
so do we dismantle the services, and send them back to the local loan sharks?
or do we leave the businesses alone, and let the people that use them continue to get into financial straights
or do we shut them down?
those are you only two alternatives......you cant force the business to change its stripes and its lending practices
and in closing them down, are you hurting the people you are trying to help
imo, we leave them open......
if people want to pay 300% and over to borrow money short term, that is their business
what is the adage......buyer beware