Comments on: Yes, Banks Continue to Peddle Payday Loans. https://thyblackman.com/2013/03/27/yes-banks-continue-to-peddle-payday-loans/ Black News 24/7 Online for the Black Community. Wed, 28 Jun 2017 20:12:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Marcus Vessey https://thyblackman.com/2013/03/27/yes-banks-continue-to-peddle-payday-loans/comment-page-1/#comment-73790 Sat, 08 Mar 2014 21:48:28 +0000 http://thyblackman.com/?p=39225#comment-73790 Here is something to think about. 1) Direct deposit advances occur usually because the individual is in a short term financial bind. 2) That these clients are usually much higher in credit risk.

With those two in mind, what is the suggested alternative? This isn’t to defend banks, but it is a legitimate question for those who are anti-payday loans. So where exactly should the individual in a short term bind go? The pawn shop?

]]> By: Yes, Banks Continue to Peddle Payday Loans. - Finance-Roundup.com https://thyblackman.com/2013/03/27/yes-banks-continue-to-peddle-payday-loans/comment-page-1/#comment-45334 Fri, 05 Apr 2013 04:17:43 +0000 http://thyblackman.com/?p=39225#comment-45334 […] Yes, Banks Continue to Peddle Payday Loans. Even worse, when banks peddle predatory payday loans, they pose serious threats to their customers' financial well-being. Marketed under names such as “direct deposit advance,” these loans are easy to get; but hard to pay off. As consumers get ensnared … Read more on ThyBlackMan […]

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