I personally would never use one of these Payday Loan Services, but have you ever figured up what the annual percentage rate would be if you used an ATM that didn't belong to your bank?

Figure what the APR would be if you withdrew $100, then paid the fees to the bank that owns the ATM and the fees that your bank charges. You would be nearing, if not surpassing the fees that one of these Payday Loan Services charge.

Or if you don't quite have enough to cover that check you just wrote, the bounced check fees for a $100 check could be over $50, when you figure what your bank would charge and what the merchant would charge you. What's the APR for that transaction?

The businesses that make these loans serve a purpose to those that can ill afford all the added fees that banks might charge, if you use a bank at all. Stop demonizing these businesses, lest you walk in the shoes of someone that has no other choice.

As I see it, the problem with the payday lenders is that they are taking so many of their customers to court. And the courts are being jamed with these claims to the effect of costing the taxpayer a great deal of money.

Some years ago I was in the Navy at San Francisco. We got paid at the start of the month. I got myself into a routine where I would pawn my watch about mid month to provide spending for the rest of the month. At the start of each month I retrieved my watch paying probably a high rate of interest. The difference is that if I had not paid the pawn the only effect would be I would lose my watch. No cost to taxpayers.

Payday lending is probably a necessary thing in our society but I think that we need to change some laws to prevent the need for court action and help people to learn how not to use the payday lender.

Our AG sure makes me feel warm and fuzzy between the Pay Day loan sharks and the Poligs being able to feed safe in his care at the expense of taxpayers. Yep and the people will vote him back into office. SAD AND SICK