For those of you who enjoyed today’s post on the woman who committed suicide after her husband was threatened with debtor’s prison, here’s another one up your bleak alley.
loansharks
![PayDay Loans Are Awesome](../../../../consumermediallc.files.wordpress.com/2012/06/paydaycash.jpg?w=300&h=225&crop=1)
PayDay Loans Are Awesome
We tripped up over this little gem dropped in the payday loan industry’s press conference held on Wed Feb 21st – which attended by remote telephone (neat!).
![How Much Is That Payday Loan In The Window?](../../../../consumermediallc.files.wordpress.com/2012/06/paydayloansbanwhite.jpg?w=300&h=225&crop=1)
How Much Is That Payday Loan In The Window?
If people knew the true cost of a payday loan, perhaps the industry wouldn’t be growing like cancer. AllFinancialMatters breaks down the math.
![Virginia House Passes Payday Loan Bill Without Interest Rate Cap](../../../../consumermediallc.files.wordpress.com/2012/06/timkaine.jpg?w=300&h=225&crop=1)
Virginia House Passes Payday Loan Bill Without Interest Rate Cap
Gov. Timothy M. Kaine’s (pictured, putting out fire) is the last man standing between a bill hand-written by the PayDay loan industry and Virginia consumers.