Comments on: Moveon.org endorses Obama

By: Payday Loan Advocate

Payday Loan Advocate — Fri, 17 Oct 2008 00:33:48 +0000

In October, 2007, a bill took effect that eliminated the access of a certain group of people to no fax payday loans. This bill was supported massively by both current presidential candidates. It capped the interest rate that payday loan stores could charge military personnel at 36%. The reason behind it was that an increasing number of soldiers in the Army, Navy, Air Force, Coast Guard, National Guard and the Marine Corps had been discovered that some of these loans had been taken out in their name without their knowledge. Some of them were victims of identity theft. Some of their spouses had taken out the loans without their knowledge and then had defaulted on them. To top that all off, many members of the military, who are on the lower end of the income scale, donï¿½t have a great deal of access to professional financial advising. In the interest of protecting these valued members of society and to keep them from getting their security clearance compromised, the government ruled in favor of the measure. Senator Obama has gone on record stating that he will impose the same cap for the entire nation, and thereby legislatively killing the entire payday industry. We do not mean to tell you how to vote, because thatï¿½s your business, and it is up to each individual to vote their conscience. However, bear in mind that if the candidate were to make good on this looming threat to an entire industry, remember that he will be adding to unemployment and taking away a valuable service to all Americans.Post Courtesy of Personal Money StoreProfessional Blogging TeamFeed Back: 1-866-641-3406Home: http://personalmoneystore.com/NoFaxPaydayLoans.htmlBlog: http://personalmoneystore.com/moneyblog/

By: Payday Loan Advocate

Payday Loan Advocate — Thu, 02 Oct 2008 02:59:48 +0000

The payday loan industry is in danger because there are politicians who wish to wipe out the entire industry. But that is not what is best for the people. For instance, in Georgia, the bankruptcy filings, bounced checks and foreclosures all skyrocketed after the cash advance product was done away with. With no disregard for these negative statistics, following the closure of payday loans in these states, several other governors continue to try and follow suit. Top national politicians are now stepping out in hopes of wiping the industry completely off the map. Should such politicians succeed, there is a big possibility that there will be increased unemployment rates, more debt, more foreclosures and an even more damaged economy.Post Courtesy of Personal Money StoreProfessional Blogging TeamFeed Back: 1-866-641-3406Home: http://personalmoneystore.com/NoFaxPaydayLoans.htmlBlog: http://personalmoneystore.com/moneyblog/

By: the real cmf

the real cmf — Fri, 01 Feb 2008 17:17:39 +0000

What a resounding slap in the face to the woman who helped make face slapping the exclusive cultural terrain of “violent men”. Serves her right, they used to say….;-)