Payday Police - Fast Payday Advances

Fast Payday Advances - Cops On The Take

We already showed you how online payday advances make it hard to press criminal charges against these lenders - they're doing everything right, everything within the law and there is nothing the Police can do to stop them. Now we'd like to tell you why stopping these fast payday advances from functioning might just cause more damage than good.

Looking to the future without fast payday advances

Imagine we won. Imagine for a moment that we won our lower rates and the stricter applicant requirements consumer advocacy groups have been fighting for in these payday advances - what then? Well, it doesn't take a psychic to divine this future ( although we could arrest one right now if you wanted us to - ya wanna?):

So the loans are cheaper and less available for the cash hungry public, and those who could qualify would still get a fast payday advance - for a while.
Eventually the lenders will profit less and less form their faster and faster loans - more work for less money means a decline in the numbers of active lenders, and this in turn means less option for you.
Eventually we will have to settle for the non-profit version of fast payday advances - and no matter how good their intentions might be these future lenders would never be able to match today's l;enders in speed and efficiency.

Profit is the only thing driving today's loan developments, and its working. Take away the profits and you'll eventually take away fast payday advances altogether.

On its own

However, the Payday Police might not even need to lift a finger to bring these unjust no fax payday advances to an end - profit is a double edged sword. Lenders will keep making faster and faster loans, but eventually price will become the only competitive edge. We're guessing in a few years fast payday advances will be so cheap and common place than Payday Police won't even need to be around and we'll all have to get jobs as mall security, dreaming of a day when we ruled these faxless payday advances. Thanks America, thanks a lot.