Comments about ‘Payday lenders tells military 'no'’

Here Here Roobah. What's the APR when our fine upstanding Banks in this country charge $25 - $35 on a $10 overdraft item on a 1 day period. Tell me the militray credit unions are going to stop charging those fees to our bravest.

People don't have any clue how much this law is going to HURT the military instead of helping it. This law has taken the freedon of choice away from our county's finest, and because of the fact that we underpay these folks, they folks have little or now chance to short term financing to help them out in times of need.

Maybe if our legislators really cared about our military, they would pay them more then the poverty line in this country so that they wouldn't need payday loans. Instead of trying to judge them maybe they should try to impower them.

I think that it is a good idea to give members of the military special discounts on loans but not at the expense of the loan company. They should get somewhat of a discount, while allowing the loan companies to stay in business. Althought I do agree that 36% is still a lot on a loan and that they should be able to make money on that. On the other hand I see the position that the government is trying to but the vets in. The vets should exhaust every other possibility of getting help through vet programs, relief programs with their church, military relief groups, family or others for help before taking out a loan. I am not saying that they should automatically go looking for handouts but they shouldnt get themselves in deeper and deeper debt before getting help from these special programs.

I really think it is unfair that they (gov) has banned this because.. being a single father of 4 young children with a mortgage, high utility bills, car repairs/upkeep, children's needs, etc., there comes times that things pop up out of the blue and my family runs short for food for the kids. Now my kids get to suffer because I don't qualify for welfare, can't get a quick loan, and the local agencies laugh at you when you ask for help. Even the military relief.. say oh can't help! So thanks gov. for letting my kids suffer once again! Yes some people get addicted and over the heads in debt but that is their fault! Life happens and they must learn from their own mistakes but now children go without nice meals instead!

wow utah is lost.I stumbled on this blog and its kinda funny.People think that payday lending is a problem.You can take away the service but you wont take away the need.internet pdls are 3xas much as these store front state regulated lenders the need doesnt go away!The need is there because of the demand. I HATE my credit cards to but I dont want them banned.Just because people dont have good credit doesnt mean they dont need money. Use your own mind and dont let the so called do gooders make your decisions for you.Giving banks a non compete in Utah is a bad idea banks are raising there credit standard and turning there backs on this part of society. Giving banks all the lending power is a stupid idea research how banning pdls in Maryland has really hurt the middle class as much as the lower middle.Banks pushed for this and continue in other states.If you want to point the finger at the problem you might need to look in the mirror.own up its hard to do but its the honest way