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Payday loans are bad but they are not that unethical. The alternative option for people reliant on payday loans are actual loan sharks, which will turn out a lot worse for the debtor. So don’t be so hard on yourself.

I think it would be difficult, but possible to run an ethical payday loan company that focuses on building people up and out of long term debt.




I love the Freakanomics podcast that gives both sides to the Payday Loan industry: http://freakonomics.com/podcast/payday-loans/


I'm going to give that a listen this afternoon, thanks!




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