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RSS FeedAre payday loans consistent with the free market?
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Results so far:
| Yes | 44% | 75 votes | Total: 171 votes | |
| No | 56% | 96 votes |
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1 of 9
Payday loans are indeed consistent with the free market. They fill a legitimate need in the marketplace. They should also be used a a last resort though. Rates are as high as...read more
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Yes payday loans are a part of our free market system people who work in our nation have the right to get a loan on a payday check. As long a workers has the pay check coming to...read more
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3 of 9
by Martin Webb
Consistent with the free market? I think so. There is no question that that payday loans as well as the "cash for title" operations do provide a service. Businesses have been ...read more
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by John Stall
A free market is by definition one that is unregulated by any factors other than supply and demand, so in that sense, payday loans are indeed consistent with the free market. Th...read more
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5 of 9
A free market is a market where buyers and sellers arrange for prices of goods and services. America is such a market. One business that operates inside this market is the busi...read more
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6 of 9
by Schanie Ken
Payday loans fulfill a need. But any financial market operation needs to be regulated and monitored by reasonable policies that help customers derive the benefits while maintain...read more
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7 of 9
Per Wikipedia, a "free market is a market in which prices of goods and services are arranged completely by the mutual consent of sellers and buyers. By definition, in a free mar...read more
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8 of 9
by Jeremy Jacks
Payday loans as part of a free market society is very much consistent with it. Payday loans are nothing more than a very short term loan at a high interest rate to make it wort...read more
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9 of 9
by Tammy Harris
It always amazes me that people complain so much about the payday loan industry that is obviously providing a service that people want. If they were not providing a service tha...read more
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1 of 7
by Duane Kuehn
PAYDAY LOANS ARE A "MARKET FAILURE". In this, they are not consistent with a workable free market economy. A market failure considered when any entity's self-pursuit leads t...read more
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2 of 7
Free market exists when neither the buyer or seller are not coerced by a third party to make decisions about the goods being bought or sold. In the payday loan business, the thi...read more
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3 of 7
Payday Loans are not consistent with a free market. In a free market both the seller and the buyer have the opportunity to walk away from the deal no worse for wear. In the ty...read more
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4 of 7
Definitely not, where is the free market here. Let's look at the current info on hand. The average family, in low income America. Already has an issue, their low income. Then th...read more
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5 of 7
Payday loans offer individuals the opportunity to receive an advance on their next paycheck. This can be useful for those who do not possess credit cards or lines of credit to ...read more
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6 of 7
by J. Swaney
Are Payday Loans Consistent with a Free Market Society ? This is a cleverly phrased question, that seems relatively pointless. As I see it 'consistent with a free market soci...read more
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7 of 7
by BamBam Dams
Payday loans are nothing more than a loan shark in disguise using the "free market" tag to their advantage. You are correct, there is a need for quick money, thats why there are...read more
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