This thread discusses the Content article: Provo considers restrictions on payday loan stores

Wendy Gibson, a spokeswoman for the Utah Consumer Lending Association says restrictions on the lenders would only drive down competition and increase the rates for customers.

More than the 25% interest on every $100? Good luck with that!

This scam emerged from rural Tennessee in 1993. The Tennessee legislature actually enacted laws preventing the public from finding out who the owners were.

The Keeper wrote:
This thread discusses the Content article: Provo considers restrictions on payday loan stores

Wendy Gibson, a spokeswoman for the Utah Consumer Lending Association says restrictions on the lenders would only drive down competition and increase the rates for customers.

More than the 25% interest on every $100? Good luck with that!

This scam emerged from rural Tennessee in 1993. The Tennessee legislature actually enacted laws preventing the public from finding out who the owners were.

Sorry but they had them in Texas in the eighties.

Compared to Payday Loan Stores, Pawn Shops are downright holy.

Payday loans are a preferred credit option for many people. Those who do not understand how they work or who have never used a payday loan before should not assume that the people using them are uneducated or desperate.


Demand is the driving force to any business and there is a large demand for payday loans in Utah and all over the country, as bank fees continue to increase and the "cost" of a bad credit score is becoming more and more prominent, a payday loan can actually save people millions of dollars in fees.

If you use a payday loan to avoid making a late payment on a credit card, mortgage, or car payment you are preventing your credit score from decreasing, which could potentially cost you a lot more than a two week, short-term, loan would in the future.

A few points taken from your credit score could be the deciding factor on a mortgage loan, or even a job (many employers pull credit these days).

Payday loans are a good alternative for many people who really appreciate the service. Let them think for themselves!

WendyG wrote:
Payday loans are a preferred credit option for many people. Those who do not understand how they work or who have never used a payday loan before should not assume that the people using them are uneducated or desperate.


Demand is the driving force to any business and there is a large demand for payday loans in Utah and all over the country, as bank fees continue to increase and the "cost" of a bad credit score is becoming more and more prominent, a payday loan can actually save people millions of dollars in fees.

If you use a payday loan to avoid making a late payment on a credit card, mortgage, or car payment you are preventing your credit score from decreasing, which could potentially cost you a lot more than a two week, short-term, loan would in the future.

A few points taken from your credit score could be the deciding factor on a mortgage loan, or even a job (many employers pull credit these days).

Payday loans are a good alternative for many people who really appreciate the service. Let them think for themselves!And you own, manage and/or are employeed by these usurious group of thieves. Easy money, huh?!! I've replied to a thief who has extolled the virtues of these disease inducing businesses. God bless you.
But as for me, I think I'll go puke.