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General » North Carolina Crisis - Add Your Talking Points
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- CommentAuthorThe PLA
- CommentTimeNov 15th 2007 edited
In 2006, North Carolina outlawed payday lending. A new report by UNC claims that citizens are better off without payday loans. North Carolina must be stopped.
The report states, "Nearly nine out of ten households surveyed think that payday lending is a bad thing."1 The University of North Carolina, along with every other academic institution in this country, has a clear liberal bias.
We want to ask our community of predatory lenders to help us develop talking points to explain why society should never regulate the free market. The PLA and our lobbyists are listening.
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- CommentAuthorguest
- CommentTimeNov 15th 2007
Six out of ten Americans think that intelligent design is true rather than evolution. That doesn't make them right!
What about showing some substansive data on the result of shutting down payday loan companies in North Carolina? -
- CommentAuthorguest
- CommentTimeNov 15th 2007
Give me a break guest, whoever you are -- didn't you actually read the report? If we start promoting the actual data, we might as well write off the whole North American market. I vote that we stick one of these three options:
1) keep beating the "let us keep helping our customers" drum
2) distract the legislative attention by focusing on other ways we can help consumers, like providing bigger signs
3) focus back on "who funded" this so-called North Carolina study. I mean once people know that it came from our biased universities, they'll back down. -
- CommentAuthorguest
- CommentTimeNov 15th 2007
I recently bounced a couple checks for utilities and credits card bills. OH MY GOD, I can't believe how much it cost me!!!! I think we need to add the banks and the utility companies to the list of predatory lenders. I think they can use this site too! They coast me a FORTUNE!!!! I'll bet the APR was over 1000%!!!!! -
- CommentAuthorguest
- CommentTimeNov 16th 2007
I guess the data on payday lending could be right. There are probably at least 400 people in N. Carolina not educated enough to journey to S. Carolina or use the internet to get their payday loans. -
- CommentAuthorguest
- CommentTimeNov 16th 2007
The easiest way to solve this crisis is by paying another Federal Reserve employee to do another study. Sure, the first one used completely irrelevant methodology, and the Fed clearly stated that it had nothing to actually do with the study and doesn't endorse it.
But that hasn't stopped us from quoting it left and right, has it?! Heck we even keep implying that the federal government was responsible! People are so gullible ...
Anyway, I say we do it again!
Oh, and let's not bring the banks into this. Where do you think payday lenders get their funding, the Bad Credit Fairy? We need their help! Besides, everyone with half a brain knows that being charged one $30 fee from a bank for a bounced check is hardly comparable to $50 charges over and over and over and over again.
Let sleeping dogs lay, I say.
Richard Melon
KCMO
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