Random Feed wrote an interesting post today on
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There’s been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usual suspects–Wall Street quants, fly-by-night mortgage brokers, the households themselves–none is an easier target than payday lenders. These storefront loan sharks are portrayed by their detractors as swindlers preying on the desperation and ignorance of the poor. A payday backlash is already well underway–Ohio recently passed legislation capping

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Random Feed wrote an interesting post today on
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Debt. It is crushing America’s soul, and slowly robbing it of its leadership position in the world. And what are our elected leaders doing to help the average family or small business owner drowning in debt and exorbitant interest rates? Nothing. The “Do Nothing Coalition” has turned its back on the citizens it’s supposed to represent. Instead, they’ve decided to protect the robber barons of Wall Street and the predatory loan sharks who brought us this economic crisis that has seen millions

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Random Feed wrote an interesting post today on
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Ever notice hardware, grocery stores and banks are harder to find than a Help Wanted sign in many black communities, but liquor stores are still standing on just about every other corner. Then, you have probably also noticed the black community has a “newer” menace in the payday lender. I know there are some folks out there right now who might be sitting around with the lights turned off if it weren’t for that quick, few questions (all you need is a check book and a paycheck stub) asked and no

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Random Feed wrote an interesting post today on
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In the space of 2 hours I have got 3 spam calls. Telling me my application has been approved, I never applied. And to go to a web site that redirects me to: http://www.yourdirectcashadvance.com They use the redirect so they can claim they are not violating the “no call list” laws. Its not them doing this but someone else, they pay. THE 402 % SCAM. This group of sleeze don’t make the 402% interest loans they send you to those that do act as loan sharks. But lets

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Random Feed wrote an interesting post today on
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The Office of Fair Trading has launched a review of the £35 billion high cost loans market. These are loans often for small amounts over short periods with high interest rates, which are typically aimed at people on low incomes. As were wrote here in April, some of legal lenders charge more than loan sharks for short term loans, aka payday loans. John Fingleton, OFT chief executive, said: “Low income consumers struggle to access credit and frequently have to resort to expensive, high

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