Finally - a Creditor's Organization that Tells the Truth!
After ten years of disingenuous representations by the credit industry as it lobbied for bankruptcy reform and the recent protestations of innocence over the BusinessWeek article revealing that many major creditors are selling debts that have already been discharged in bankruptcy, the Predatory Lending Association is a breath of fresh air. It's outrageously funny simply be being...well...accurate. Funny, that is, in the way of things we laugh about because the only other option is to cry.
The site offers a "working poor finder" and points out that the difference of "just a few blocks" can radically impact profits. Consumer testimonials boast, "I would have been homeless two weeks sooner without my payday loan", and debunks "myths" like "Debt traps are a bad thing."
Of course, the payday lenders of America aren't really sponsoring the site, but it's not hard to imagine these words coming from their lips behind closed doors. Underneath the entertainment, there's serious information about a serious subject, and links to some solid write-ups and research from the Center for Responsible Lending. Check it out yourself for fun and recommend it to your clients so they know what they're up against.
