Payday loans not ‘broken product’
Payday advances can be an effective credit option for many people, providing the flexibility they need to weather short-term financial difficulties. Kristina Scott of the Alabama Policy Project mischaracterizes payday advances as “a broken product,” when, in fact, thousands of Alabamians choose payday advances over other options, such as bank overdraft fees, because they are often less expensive and the process is straightforward and transparent. (more…)
