Payday lending companies fill consumer demand

Consumer Choice

A range of financial services exists, for any person with bad credit; payday lenders offer an invaluable service few banks will provide. Not only do they provide cash when it is most needed, payday lenders deliver the borrower a chance to build up a positive credit history; payday lenders dispense a means for the unranked to join the financial mainstream. Payday lending was an innovation created to serve an underrepresented market segment. With banks becoming less likely to advance credit, online loans can prove much needed liquidity.

Further Woes for MP’s

In Parliament today there is a distinct atmosphere of shame as further revelations provide embarrassment for all parties. Shahid Malik, the justice minister was the first casualty of the day, announcing his decision to stand down following a talk with Gordon Brown. 

And Bank Bosses

In the US a regulator believes many of the banks at the centre of the global financial crisis are at severe risk of losing their jobs. Sheila Bair, chairman of the Federal Deposit Insurance Corporations has predicted that the directors of the ten banks receiving most in the recent bailouts will be under severe scrutiny following recent stress tests.