The term “payday loan” was never truly adopted as wholesome and positive. The whole point of a payday loan was a quick fix for folks who were a little short and needed to bridge a gap in their finances. At least that was the way it was spun by the marketing teams.
Read more at: https://www.scotsman.com/business/companies/financial/jim-duffy-comment-payday-loans-and-the-minimum-wage-generation-1-4790899
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