Responsible Consumer Loans .

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Responsible Consumer Loans www.ResponsibleConsumerLoans.org

Transcript of Responsible Consumer Loans .

Page 1: Responsible Consumer Loans .

ResponsibleConsumer Loans

ResponsibleConsumer Loans

www.ResponsibleConsumerLoans.org

Page 2: Responsible Consumer Loans .

A growing public need exists in an uncertain financial climate.

A growing public need exists in an uncertain financial climate.

High interest, predatory

payday loan companies

are springing up all over

America to fill the void.

High interest, predatory

payday loan companies

are springing up all over

America to fill the void.www.ResponsibleConsumerLoans.org

Page 3: Responsible Consumer Loans .

There is an admitted need and demand to compete with loan sharks, the predatory

The FDIC announced that the situation is

desperate.

lenders like payday.www.ResponsibleConsumerLoans.org

Page 4: Responsible Consumer Loans .

There is an answer already in existence to

deal with this very problem.

For almost 100 years, the small dollar installment

loan industry has existed to help fight loan sharks.

There is an answer already in existence to

deal with this very problem.

For almost 100 years, the small dollar installment

loan industry has existed to help fight loan sharks.

www.ResponsibleConsumerLoans.org

Page 5: Responsible Consumer Loans .

The small dollar installment loan industry exists today as it did since its inception— providing safe, responsible and disciplined loans—every day of the week, in every town in the country.

The small dollar installment loan industry exists today as it did since its inception— providing safe, responsible and disciplined loans—every day of the week, in every town in the country.

www.ResponsibleConsumerLoans.org

Page 6: Responsible Consumer Loans .

Our small dollar installment loan industry was created to fight usury and loan sharking in the U.S., during another period

of financial peril and uncertainty.

Our small dollar installment loan industry was created to fight usury and loan sharking in the U.S., during another period

of financial peril and uncertainty.www.ResponsibleConsumerLoans.org

Page 7: Responsible Consumer Loans .

Why not support our fully regulated installment loan industry, and help them to provide the smallest dollar loans that so many people need and want? It’s an important question we must ask ourselves.

Why not support our fully regulated installment loan industry, and help them to provide the smallest dollar loans that so many people need and want? It’s an important question we must ask ourselves.

www.ResponsibleConsumerLoans.org

Page 8: Responsible Consumer Loans .

Let’s allow the consumer loan industry to charge fair rates to earn a profit, and therefore regain their historical place in the small loan market. Banks can’t do it. They’re the first to admit it. And banks won’t do it—without being enticed to participate with loans subsidized by everybody else’s money.

Let’s allow the consumer loan industry to charge fair rates to earn a profit, and therefore regain their historical place in the small loan market. Banks can’t do it. They’re the first to admit it. And banks won’t do it—without being enticed to participate with loans subsidized by everybody else’s money.

www.ResponsibleConsumerLoans.org

Page 9: Responsible Consumer Loans .

Unless there’s a good reason for the FDIC to support the banks to start a money losing venture, we should turn our attention away from government/taxpayer subsidized bank loans—and support the solution at hand.

Unless there’s a good reason for the FDIC to support the banks to start a money losing venture, we should turn our attention away from government/taxpayer subsidized bank loans—and support the solution at hand.

www.ResponsibleConsumerLoans.org