February 4th, 2009
One of the primary arguments used by critics of the payday lending industry is that payday loans push consumers into a “cycle of debt” from which they cannot escape. A recent study from Clemson University refutes this argument, concluding:
“…there is no statistical evidence to support the ‘cycle of debt’ argument often used in passing legislation [...]
December 8th, 2008
The FDIC just released a new study of bank overdraft programs. The study confirms what our customers already know - bank overdraft loans are almost always more expensive than short term loans from companies like PayDay One and ThinkCash. In fact, the study calculated that the APR on a typical overdraft transaction can be 3,520 [...]
November 6th, 2008
Millions of people across America use payday loans and other emergency cash products to cover bills, avoid bounced checks, or pay for car repair, medical expenses, or other unexpected expenses. At ThinkCash, we receive letters every day from customers thanking us for helping them get through a financial pinch. We’ve shared some of our customers’ [...]
