From the time loans have started to
exist, it became controversial and until now though controversy and wrong
notion about loans have somehow lessen, still there are some who viewed it as
glaring.
Loans, payday loans in particular
are considered to be improper by some people because of the fact that these
loans take advantage of them who have not much background about finances and
those who are less knowledgeable with financial issues. Usually loan targets
are mostly the youth market or the not so well-oft class of people.
I believe the reason why some people
view loan business in a glaring perspective because of the way the loan
business advertise or promote their product.
The several loan business
promotional advertisements, although true and not fabricated that they can
provide borrowers an instant cash is what seems to be the conflict. The
advertisement is really tempting. Though this is the very nature of every
business, to attract customers through whatever way, loan business however has
not provided complete details of how their business fully works.
In short, inconsistency in the
implementation of their standard protocol. This will lead to someone to think
negatively towards payday loans and loans itself in general.
As a matter of fact, since these
loans are also found on the web, the best thing these loans could do is to
provide full details of their loan rates and fees on their sites. Another thing
is, they should provide proper, accurate and appropriate protocol or rules in
availing their loans. They should not try to encourage the youth to get the
loan because they have a more chance of being irresponsible of their financial
status.
The loan business must be consistent
in its scope such as, who are qualified and able to avail loans. These things,
I believe, make payday loans seem to be shrewd, taking advantage with people.
Thus, they should make necessary response to this conflict.
However, on the contrary, payday
loans have positive view of things and payday lenders have also some nice post.
If we come to think and realize about the positivity of payday loans, these are
the only loans that are willing to extend help to people who are in dire need
of money and no one will entertain them, only payday loans.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น