Ideal Business Consultants

I just wanted to take a quick minute to promote a resource I found today called the Center for Responsible Lending. They seem to have some great stuff, especially on predatory lending like Fast Cash Pay Day loans. Here is an excerpt:

Payday loans are marketed as a way to put quick cash into your hands when you have a budget shortfall, but the business is designed so that borrowers can’t easily pay off their loans and walk away. The average borrower has nine repeat loans per year, and at $50 each time for a loan of $300, that means they’re paying more in interest than what they borrowed.

Dig in to find out how payday lenders hold onto their customers (hint: it’s not by quality customer service), what it costs us as consumers and as a country, and what we should do about it.

I hope you find the resource helpful.

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