I really hate to defend payday lenders but payday loans are VERY high risk. Everyone always hears about the poor person who paid $3900 in interest on a $700 lo

I really hate to defend payday lenders but payday loans are VERY high risk. Everyone always hears about the poor person who paid $3900 in interest on a $700 loan but no one ever hears about the eight other people who took out $500 loans then never paid them back. I'm not sure a non-profit org would do well in this sector, it's not for the faint of heart.