> cell phone contracts are economically equivalent to an extension of credit Except isn't the big way that cell phones are expanding into the poorer marketplac

> cell phone contracts are economically equivalent to an extension of credit Except isn't the big way that cell phones are expanding into the poorer marketplace is through prepaid cell phones like Boost Mobile? I'm moderately skeptical that the price of payday loans is far from the cost of making them, though willing to be convinced otherwise, and I agree with you about my likelihood of participating in that industry.