Payday loan lenders advertise easy cash to help with payments which cannot wait until payday. The online payday loan lenders did not create the initial debt or the living beyond income levels, so why do these lenders get the reputation for destroying people's credit? It's a mixed message deterring blame from one individual or company to another. Any legitimate payday loan lender would not go looking for a person to give a loan to, but just the opposite, the borrower searches out the lender.
How are future generations learning to deal with money? Children do not know what a credit score is, nor do they need to. What they do need to understand is that money is earned and how this money is used will depend on lifestyle. Parents spend years teaching children to save their money to purchase wants, but when they become of age to start getting their own line of credit, the messages are complete opposite.Read more »