City Council Talks Tough
 

Birmingham City Council had a moratorium (an authorised suspension of activity) that prevents payday loan lenders from setting up their business within the city. The deadline for the moratorium is June 2014 but the City Council has decided to extend the deadline further in order to strap new regulatory laws into place.

Lashunda Scales, Councilwoman for Birmingham said that the new laws would be applicable to payday loans as well as pawn title loans. She said that the primary objective of the new regulations would be to discourage the unprecedented growth of payday loan lending like websites cushteecash.co.uk. Lashunda Scales, who is sponsoring the proposed ordinance, explained that the payday loan industry was adversely affecting the poorer families and communities living in Alabama.
 

Strong Reaction from Lending Sector
 

Needless to add, t ... Read more »

We've all heard of that famous quote that justifies the prowess of the feline kingdom: cats have nine lives. What if I told you that you, too, can have nine lives--that is, nine lives in managing your financial life! Whether it be an emergency or last-minute splurges on those boots you've always wanted, money becomes the deciding factor. Oftentimes, we find ourselves in such a twisted predicament that we're unsure of how to proceed. This is why payday loans exist.

These loans allow leniency and luxury in life, spending the money you will make LATER-- now. When life takes an unexpected turn, we cannot be expected to always be prepared. A relative in need shouldn't mean skipping dinner for the next few nights. However, when we act on impulse or emotion, sometimes these injustices become a reality. Payday loans allow us to walk away from the catastrophe, unscathed and unharmed. They reward being working members of society with these "get out of jail ... Read more »