Payday Loans
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What are all of these attacks on the payday loan industry? I, as well as thousands of other Californians, have used the payday loan system successfully. So what’s the problem? They are not cheating anyone. They have clearly posted rates and are fine for everyday people who find themselves in a bit of a pinch. Here’s a simple solution for people like Emil Lawton (letter, Aug. 23) and others who refer to this as “legal loan-sharking” and don’t like their business practices: Don’t go in there.
I’m tired of people who want to quash legitimate businesses because they don’t like them or disagree with their policies.
ERIC J. LITTLE
Burbank
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