Topic: Payday loans should be banned
payday loans when used correctly are a useful source of short term finance
payday loans wire money to those who need it most fast
paydays loans do more harm than good because they push families to their limits and messing everything up in their life.
People  will be sprialling debt problem and can not pay in time
people are taking on far too much debt just to have a few bucks before they get paid.   they are being taken advantage of and being ripped off.   we should ban these payday loans for good.
People cannot meaningfully consent into the contracts they sign for payday loans because they are actively misinformed about the consequences of these loans, their interest rates, and other binding factors of the contract.
people don't understand what they are getting into and must be protected
people in dire straights need options when they need cash fast.
People now their financial situations better than the government, and should be allowed to make the decision for themselves of whether or not they need a payday loan.
people should be able to choose how they would like to get a loan.
people should be free to do what they want
people taking payday loans, especially for short periods, are doing it to help them get by and would otherwise go to illegal means.
people that get payday loans are being misleads and do not fully understand consequences
People who take out payday loans can not fulfil the affordability criteria so by giving these loans out those without this being fulfilled people often cannot afford to repay the loans
people who use payday loans already have little to no other options. it's wrong to take the only thing away someone can use in an emergency. it could mean life or death depending on the situation.
ppayday loan providers pray on the poor and those unable to manage their money. rather than give helpful advise on how to budget and cut costs they encourage further spending with access to easy money.
predatory loans with exorbitant interest rates prey on the most vulnerable people.
Qualifying for a payday loan is easy because you only need to meet a few basic requirements.
receiving payday loans means a person spends the money before they have it and may, therefore, be unable to have enough money to buy necessary items when they actually receive their pay.
represent a need in the population to be able to solve situations quickly
several researches have proven that payday loans are very unsecure thereby an unwise move for anyone.
some people have no other options when money is needed during times of financial hardships
sometimes people are in severe binds and they need money fast
sometimes people just need a help up and this is their only option
sometimes people just need a quick loan before payday to get back on their feet, and if used responsibly it is a good thing.
sometimes people need loans for various reasons and can't survive without help
sometimes people need these emergency funds when they have no other available options.
sometimes these loans are the only choice available to fulfill a valid need for money quickly