Payday Loans & the Fringe Economy

by Dual Income No Kids on December 29, 2006 · 0 comments


We DINKs know that you have better things to do then sit around and cruise the net for personal finance article, so we wanted to let you know about an interesting piece on payday loans and the fringe economy from Alternet.

The basic point of the article is that payday loan making organizations like check-cashers, rent-to-own business and pawnshops constitute a whole separate “fringe” sector separate from the mainstream economy. A basic characteristic of this fringe economy is it’s catering to poor or financially disadvantaged persons with the use of high interest products such as payday loans. It’s an interesting article and outlines how payday loans have a detrimental impact on poor peoples budgets.

Enjoy!

Best,

James

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