Talk:Payday loan

Useful pro-payday lending source
This article is by Jonathan Zinman, published by the Philadelphia Fed, on an industry-funded study done by Zinman.


 * http://www.philadelphiafed.org/research-and-data/publications/working-papers/2008/wp08-32.pdf

Here's the colophon:
 * Thanks to Consumer Credit Research Foundation (CCRF) for providing household survey data. CCRF is a non-profit organization, funded by payday lenders, with the mission of funding objective research. CCRF did not exercise any editorial control over this paper. The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. --Pnm (talk) 01:07, 10 June 2010 (UTC)

There really aren't a lot of good sources which could be called "pro" payday. However, Neil Bhutta at the FRB has found null or very small negative effects on bankruptcy and credit score using a large sample of data from payday lenders. However, as other have noted when discussing Bhutta's work, these are questionable methods of documenting impact. Credit scores for most payday borrowers were already so low they really couldn't fall much more, and bankruptcy is actually a positive step to repair one's credit and it requires a substantial investment of time and money, something many payday borrowers don't have. Editengine (talk) 01:17, 26 August 2014 (UTC)

Im on fisability and esa wich is about 850 a month could i apply? Blueboy51 (talk) 15:22, 25 May 2018 (UTC)

Long Term Risk
The fourth paragraph in the beginning of the article states "it has recently been shown that these loans carry no more long term risk for the lender than other forms of credit." Several sources are cited alongside this claim. After reading the sources, I've found that only the first one supports that claim.

I'm not stating that payday loans are more or less risky than other forms of credit, I'm just noticing that only one of the sources cited support that claim. I would suggest removing the other sources altogether. 100.34.130.218 (talk) 18:46, 18 October 2015 (UTC)

Impact of payday loans
There should be a section on the impact of payday loans, as shown by expert assessments and peer-reviewed research. The criticism section should be reworked into 'the politics of payday loans' or some such. Snooganssnoogans (talk) 14:26, 27 November 2019 (UTC)

"Cash loans" listed at Redirects for discussion
A discussion is taking place to address the redirect Cash loans. The discussion will occur at Redirects for discussion/Log/2020 August 17 until a consensus is reached, and readers of this page are welcome to contribute to the discussion. Hog Farm Bacon 19:32, 17 August 2020 (UTC)

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