Payday lending’s final days? Not by a long shot

Many payday lenders are concerned over the forthcoming consequences brought upon by the financial bill that was passed by the Senate and signed by the President yesterday. Their concerns regard new regulations on the payday loan industry by the federal government. Many payday loan lenders, such as Payday Loan Trust, believe these regulations are too restrictive and hand too much power to the respective payday loan State. These new regulations will be counterproductive to payday loan business operations, as it will hurt their business and may result in downsizing. In the long run, a new wave of layoffs and shutdown businesses from the payday loan sector will go on to hurt the struggling economy even more.

A recent payday loan article from The Huffington Post claims that the new financial bill will put an end to payday lending because it enables banks to compete against payday lenders for short term high interest loans. According to the article, “If banks want to grow in the future, they will have to adapt their business models to serve the credit-challenged population.” In the same article they go onto say that 1/3 of the US population is at high 30 day credit risks, lending out money to high risk borrowers in Florida will only put banks at more risk. The fact of the matter is, big banks will never be able to compete with short term lenders so long as they are attached to Wall Street. A 30 days payday loan of $100 could cost banks a lot more than a payday lender simply because of banks operating costs. Take into consideration bank business costs and overhead, their employees, and their executives salaries and bonuses, a banks will not be able to be profitable on short term loans.

The new financial overhaul is here to put caps and limits on all types of short term loans, including payday and title loans, and to curb predatory lending. It is simply wrong and naive analysis to think that this bill was going to shift the short term lending industry from payday loan lenders to bigger lending institutions like banks.

lenders moneyIn addition, studies show that many Americans from Flroida have lost faith in our banking system because they see it as a direct correlation to the downfall of the US economy. They will continue to fear hidden fees tacked on by banks even if the new bill forces them to “advertise their fee structures as clearly as a McDonald’s menu.” Americans are smart people and they know it was big banks and Wall Street that failed America back in 2011, not payday lenders.

Ok, so here I go again!!!

This is what I get for being up so early—Infomercials!!!!!ICKY!!!!
Anyway, by now you all know that I am an information junky—that is RELIABLE information!
I don’t know what has been discussed about “money making 2000“–I couldn’t find anything in the club—-that doesn’t mean it isn’t there, but come on 10,000 messages!!!!yikes–I trid my best though!!!

Ok, back to my point(and there is one!)-Well, after being subjected to an infomercial by Don Lapre about “money making 2000”, I decided to do some research(go figure)! And it is suspiciously similar to—-you guessed it—an HM!!! There are some differences, but you know, if it quacks like a duck…..!Anyway here are some links for anyone interested. I personally found it interesting, and from reading what I have about it, He won’t be getting $40 bucks from me anytime soon!!!

Continued:

3) It’s not until the 3rd call that they tell you it’s Herbalife. During the same call they start really pouring it on and then they tell you that they’re going to teach you how to make $20,000 a month in the next 90 days or less. They get you all hyped-up and then tell you that you must “sign-on” first for $299 to get started. You still don’t know what you’ll be doing and won’t until several calls later.

4) You order signs, through outside venders however, I wonder what hidden relationship they have with these people since EVERYONE uses the same 2 or 3 sign makers and they are continuously promoted.
You MUST use Mailboxes Etc, not the Post Office so you can build a wall around your identity. Mailboxes cannot divulge personal information about you, the PO will because it’s public record. The 2 voicemail boxes are also through only one company because they download the same messages for EVERYONE! All the other materials like the Decision Package, CD’s, lead generation mailing labels, booklets, etc. are ordered from NWTW! Can’t do the system any other way!!!
Education Loan Consolidation
I have ALWAYS hated putting up signs but they bombard you with reasons why you’d better do the signs because they attract so much business!! I did them for about a few weeks and stopped because it I got tired of worrying about doing something illegal. I STILL have over 200 in my garage!!! Not to mention all of the Decision Packages I had to buy that I was never was able to get rid of or that were returned for a refund!!!

Thanks

Thanks for that link. It is good to know that many people are becoming more aware cults, marketing, and the like. Much of what I found on Scientology
in the infancy of my search was exactly what your
article talked about, so was marketing for that matter. But I am extremely diligent, and I always look for both sides. In both my searches, the most resourseful places were our clubs!!! There is not much anyone can do to censor that information! yeah! There is an anti Scientology club and that is where I found reliable links, sources, and testimonials–just like in here. And in both instances, I found vast amounts of people
saying pretty much the same things–That many testimonials must be revealing the truth. ON both
topics I also found mounds of legal actions taken against both. Ahhhh, the internet is a sweet thing!!!!!! It is becoming harder for either, or anything like it to hide behind secrets. And you can bet that I will not be silent.
BusinessInsider.com
Thank you again, Ward