Business News • MarketWire • Bad Banks or Good Payday Lenders? The Dilemma of Choice During the Crunch |
Bad Banks or Good Payday Lenders? The Dilemma of Choice During the Crunch |
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Bad Banks or Good Payday Lenders? The Dilemma of Choice During the Crunch
EDGWARE, UNITED KINGDOM--(Marketwire -
Feb. 17, 2010) - Late last year, reports of
traditional lending institutions wooing subprime borrowers with payday loans had surfaced from
around the country. It is not a shocking fact, since more than 70 banks had
gone bust in 2009 alone and quite naturally, most financial institutions are
beginning to adopt new business strategies to make money and stay in existence.
However, the question that we need to ask is - are banks a better bet than
established payday lenders, who have drawn flak for their 'inordinate' interest
rates?
View More : http://www.marketwire.com/mw/release.do?id=1117941&sourceType=3
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