San Francisco’s KPIX TV misses the mark
In her latest “consumer watch“ Sue Kwon warns against payday loans, but fails to mention that without access to payday loans, the couple highlighted in the story would have lost their home through foreclosure. For what it’s worth, the maximum amount of a payday loan in California is $255. Ms. Kwon is correct about one thing, though, consumer credit is tightening, banks are imposing higher standards on potential borrowers and consumers facing emergency situations have fewer and fewer options.
More: continued here
Tags: Bank, Borrower, California, Credit, Home, Loan, Payday loan, Payday Loans, San Francisco