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Friday, August 03, 2007

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Targeting civilians and military personal alike, the quick loans promised by payday companies have been dangerous to many Americans. These quick personal loans may occasionally help people in complete emergencies, but they generally become a cycle. If you don't have $500 spare now, do you think you will in two weeks? Most people keep rolling over the loan, or taking a new one out each paycheck, so that $500 loan now costs you $100 a month until you can come up with $500 spare. Targeting our vulnerable service men and women that are often away from family for months, the instant military payday loans have become one of the biggest dangers to the financial safety of our brave men and women.

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