Payday Loans And The Military
Jumat, 26 September 2008
Payday Loans And The Military

If you were perhaps of a more cynical nature, and were looking for an ideal target market for your payday
document.write("FreeCreditReport','FreeCreditReport.com part of a family of online consumer credit reporting sites belonging to ConsumerInfo.com, Inc., an Experian® company. ConsumerInfo was founded in 1995 to give consumers quick, easy, and inexpensive access to their credit histories. It is now the leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. ConsumerInfo provides credit monitoring to its more than 3.1 million members and has delivered more than 20 million credit reports on the web. As part of the Experian family, it continues to grow its membership base and develop innovative products to help consumers better understand their credit.')\" onMouseOut=\"hideuarxtip()\">loans");
business, how would this scenario sound to you?How about people working in a business where the paychecks are absolutely guaranteed to come in on time each and every month, no matter what? A business with a large, relatively immobile workforce, who tend to stay in one place for predetermined periods of time, and who will, moreover, have plenty of notice that will move, should that happen.
A business whose workforce is overwhelmingly comprised of young, who are perhaps not too worldly wise, and who are used to doing what they are told to do, when they are old to do it.I guess that, were you that somewhat cynical payday loan company owner, this would sound pretty good to you, right?Perhaps that is why most military bases in the USA are now almost surrounded by payday loan outlets. At a time when ever increasing military demands are being made of young army and navy personnel by the continuing Iraq conflict, Senior Military Officers are increasingly concerned about the additional stresses on the servicemen and women caused by the prevalence of outstanding payday loans.Whilst the payday loan companies themselves deny that they specifically target military personnel, it is hard to actually believe that to be the case, simply from looking at the concentration of payday loan outlets near most military bases.Stories of both Army and Navy officers falling prey to such lenders are fairly easy to come by, and of course, the last thing that such soldiers, sailors and officers need at a time of war are the additional stresses placed on them by increasing debts.In fact, the problem has now got so bad that many military


bases are running training courses in responsible personal financial management, a key module of which is teaching the younger servicemen and women about payday loans.In particular, these courses are designed to teach the students how it is probably best to avoid payday
document.write("The First Advanced Lending Centers','Payday loans are small, unsecured, short-term cash advances that allow a person to meet their financial needs until their next payday. Payday loans can cover unplanned expenses that come up at any time. Use your payday loan to avoid bounced check fees or late payment charges. Payday loans can be used to take advantage of any limited-time special purchase that you would miss out on by waiting until your next payday. Payday loans can be a quicker and easier alternative to other less desirable short-term credit options.')\" onMouseOut=\"hideuarxtip()\">loans");
completely if at all possible, or, if not, how to deal with them responsibly.Of course, this cannot get away from the fact that military personnel are no different to anyone else, and they will have times of cash flow problems, just the same as their none military counterparts.And this is equally not saying that payday
document.write("FreeCreditReport','FreeCreditReport.com part of a family of online consumer credit reporting sites belonging to ConsumerInfo.com, Inc., an Experian® company. ConsumerInfo was founded in 1995 to give consumers quick, easy, and inexpensive access to their credit histories. It is now the leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. ConsumerInfo provides credit monitoring to its more than 3.1 million members and has delivered more than 20 million credit reports on the web. As part of the Experian family, it continues to grow its membership base and develop innovative products to help consumers better understand their credit.')\" onMouseOut=\"hideuarxtip()\">loans");
are of themselves a bad thing. Anyone who has used such a loan to dig themselves out of a hole will probably have no problems with payday loans, on one proviso. That is, that they paid it back in time!Unfortunately, whether the payday
document.write("The First Advanced Lending Centers','Payday loans are small, unsecured, short-term cash advances that allow a person to meet their financial needs until their next payday. Payday loans can cover unplanned expenses that come up at any time. Use your payday loan to avoid bounced check fees or late payment charges. Payday loans can be used to take advantage of any limited-time special purchase that you would miss out on by waiting until your next payday. Payday loans can be a quicker and easier alternative to other less desirable short-term credit options.')\" onMouseOut=\"hideuarxtip()\">loans");
companies concur or not, there does seem reasonable empirical evidence to suggest that perhaps they are unusually willing to extend such
document.write("FreeCreditReport','FreeCreditReport.com part of a family of online consumer credit reporting sites belonging to ConsumerInfo.com, Inc., an Experian® company. ConsumerInfo was founded in 1995 to give consumers quick, easy, and inexpensive access to their credit histories. It is now the leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. ConsumerInfo provides credit monitoring to its more than 3.1 million members and has delivered more than 20 million credit reports on the web. As part of the Experian family, it continues to grow its membership base and develop innovative products to help consumers better understand their credit.')\" onMouseOut=\"hideuarxtip()\">loans");

to military personnel.Personnel whose very existence depends on them being able to concentrate 100% on the task in hand, who, perhaps morally, should not be placed under any additional external pressures. The fact is that payday
document.write("FreeCreditReport','FreeCreditReport.com part of a family of online consumer credit reporting sites belonging to ConsumerInfo.com, Inc., an Experian® company. ConsumerInfo was founded in 1995 to give consumers quick, easy, and inexpensive access to their credit histories. It is now the leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. ConsumerInfo provides credit monitoring to its more than 3.1 million members and has delivered more than 20 million credit reports on the web. As part of the Experian family, it continues to grow its membership base and develop innovative products to help consumers better understand their credit.')\" onMouseOut=\"hideuarxtip()\">loans");
for military personnel are big business, and they do serve a real purpose for the beneficiaries of such loans. However, there can be no denying that military personnel are not like other people who take payday loans, and it is good to see that the powers that be have taken this on board, and are attempting to deal with it through additional training and education. Steve Cowan is a lawyer who now acts as a debt and management consultant to major businesses in Asia. You can get more debt advice and download his controversial free report Death By Credit Card at http://webbiz99.com/paydayloans>BR>







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