Reply to Amarillo Globe News Editorial on Payday Loans

Friday, April 19, 2013 posted by Pay Day Loan Facts

Your editorial on payday loans is misguided.  Why is it that the only people who don’t actually use payday loans, like the newspaper’s editorial board, call payday loans “predatory”?  Who the heck are you to make that claim?   Over a million Texans used them in 2012.  These people aren’t stupid.  They know they have choices [...]

Mark Wawro is Wrong on Payday Loans

Thursday, April 18, 2013 posted by Pay Day Loan Facts

I’ve been doing some research into Texas Appleseed. It looks to me like a pretty good organization that helps kids and families.  Unfortunately, one of its employees is making some illogical statements about payday loans.  Honestly, I sometimes wonder if every state should require a class in basic logic given how often logic seems to [...]

People Don’t Repeat Costly Mistakes

Wednesday, February 13, 2013 posted by Pay Day Loan Facts

People Don’t Repeat Costly Mistakes   I remember when I had my first car.  I was so overprotective that I only took it the dealer for maintenance, even though it was expensive.  One day, during a routine service, the repair dude told me the engine mounts were worn and it was probably a good idea [...]

Legislation Never Fixes the Underlying Problem

Tuesday, February 12, 2013 posted by Pay Day Loan Facts

Legislation Never Fixes the Underlying Problem It took me a long time to realize it, but whenever somebody shouts, “Something has to be done,”, legislation doesn’t actually make things better.  In fact, it usually makes things worse.  Of course, I’m thinking about payday loans but other things as well.   Okay, so a bunch of [...]