finance

Christian Conservatives Targets of Payday Loan Lenders

Filed in archive General on February 21, 2008

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Depending on your religious and/or political views, this study's results will either outrage you or confirm everything you believe:
Two researchers who found geographic evidence that payday lenders target American military personnel are back again with a new study.

This time, Christopher Peterson and Steven Graves look at the correlation between populations of conservative Christian Americans and the proliferation of payday lenders. The two find that conservative Christian Americans also appear to be a prime demographic target for high cost payday loans, and that "living in a state with a great deal of conservative Christian legislative power actually puts moderate and lower income consumers at greater risk from usurious payday loans."

What I found shocking was that many states have more payday loan location than they have McDonald's restaurants. Of course it may not be fair to compare the many "brands" in the legal loan sharking business against just one brand in the fast-food arena, it's still amazing that there is enough business in payday loans to outstrip Mickey D's in number of locations.

Just think if those payday lenders gave out toys for the kiddies with each Happy Loan.



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Tags: money  loan  payday  2007  business  payday+loan  bank+america  christian+conservatives 

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