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Payday loans are bad but they are not that unethical. The alternative option for people reliant on payday loans are actual loan sharks, which will turn out a lo
by albertgoeswoof 8y ago
Payday loans are bad but they are not that unethical. The alternative option for people reliant on payday loans are actual loan sharks, which will turn out a lot worse for the debtor. So don’t be so hard on yourself.
I think it would be difficult, but possible to run an ethical payday loan company that focuses on building people up and out of long term debt.
- diminoten 8y agoI love the Freakanomics podcast that gives both sides to the Payday Loan industry: http://freakonomics.com/podcast/payday-loans/ http://freakonomics.com/podcast/payday-loans/
- dav 8y agoI'm going to give that a listen this afternoon, thanks!
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]