Payday loans are a necessary evil. That is the best rate that poor people can get, thanks to society totally failing to provide a better safety net. While I am

Payday loans are a necessary evil. That is the best rate that poor people can get, thanks to society totally failing to provide a better safety net. While I am a huge defender of the payday loan industry, I should note that it does deserve scrutiny: I have worked in the industry and it is a magnet for scammers who prey on poor and uneducated people because doing so is easy and low-risk. Here's an example: http://krebsonsecurity.com/2014/12/payday-loan-network-sold-info-to-scammers/ http://krebsonsecurity.com/2014/12/payday-loan-network-sold-... This details the operations of a guy who simply bought loan application data/leads (which included bank account and routing numbers) and then processed $30 echecks to each account with no consent or contact and without rendering a product or service. He amassed 25 million dollars over several years before catching any heat.