Filling a financial need

In "Payday scammers or saviors," the March 25 installment of "Dust-Up" by Paul Leonard and Christopher Thornberg, Leonard claims that payday loans prey on the vulnerable. Payday loans have advantages along with drawbacks, just as any other financial tool for consumers. What their harshest critics fail to understand is that, by and large, consumers use payday loans in a responsible manner for fast, hassle-free cash advances to make it from one paycheck to the next.

By Terry Kibbe

April 7, 2008