Archive for September, 2009
Kick Predatory Journalists Out of Wisconsin
So, now the claim-according to Ms. Emily Mills (writer, musician, activist)-is that payday loan companies are stealing money from individuals through an act of fraud? Wow-that’s probably the most absurd and diluted statement that I’ve heard about the industry in a while, and I’ve heard a lot. By definition, to fleece is to strip of money or property by fraud or extortion. Whether or not she agrees with the services, the fact is that people use them willingly-not against their will-not at gunpoint-not coerced or lied to. I’m quite certain that if I stood outside of a payday lender for several hours the employees would not forcibly drag me into the location, stuff several hundred dollars into my pockets and then forge my signature on a contract that contains no conditions or terms of payment. I’m going to cherish my right to exercise free will as long as I’m able since those like Ms. Mills and Representative Gordon Hintz seem to want to fight against it.
Furthermore, the existence of payday loans is the least of the country’s fiscal dilemmas and suggesting such and using extreme negatives to promote ones opinion makes it very difficult to digest and consider hers. Especially considering the fact that big banks and traditional financial institutions are the ones who set the current financial crisis in motion and were not able to sustain themselves. Payday loans may not be the best choice for everyone who seeks short-term supplemental funds but it should remain as an option for those who use them responsibly. Those of us who take responsibility for our own actions don’t consider ourselves as a “victim” of societal forces.
Source: http://thelostalbatross.blogspot.com/2009/08/kick-predatory-payday-loans-out-of.html
