Comments on: Payday lending alternatives http://blog.vivianpaige.com/2006/12/17/payday-lending-alternatives/ Sun, 12 Feb 2012 13:19:34 +0000 hourly 1 http://wordpress.com/ By: MB http://blog.vivianpaige.com/2006/12/17/payday-lending-alternatives/comment-page-1/#comment-21804 Mon, 18 Dec 2006 03:27:58 +0000 http://vivianpaige.wordpress.com/2006/12/17/payday-lending-alternatives/#comment-21804 I am quite happy to hear that credit unions are stepping up. What a great move.

]]> By: Anonymous Is A Woman http://blog.vivianpaige.com/2006/12/17/payday-lending-alternatives/comment-page-1/#comment-21803 Mon, 18 Dec 2006 03:17:58 +0000 http://vivianpaige.wordpress.com/2006/12/17/payday-lending-alternatives/#comment-21803 Vivian, thank you for taking on this issue. Payday loans are nothing more than legal loan sharking. Those places prey on people who desparately need to learn financial literacy. They also prey on immigrants and charge exorbitant fees to send remittances back to the immigrant populations’ countries of origin.

I’m glad that credit unions and other financial institutions are stepping up to the plate to devise loans and other financial services for this population. But people also need much more education on how to manage their finances.

Please report more on this important topic.

]]>