Payday Loans

[Baker, John]

        "Payday loan" seems to have blossomed in popularity in the last
three years.  The earliest cite I've seen is from 1985:  "Beauclair Finance
made small "payday" loans which legally earned large interest rates, Green
said."  Driskill, "Examiner:  Fidelity Bankruptcy Needs to be Consolidated,"
The Journal Record (Oklahoma City), Sept. 24, 1985.

John Baker


> -----Original Message-----
> From: Bapopik at AOL.COM [SMTP:Bapopik at AOL.COM]
> Sent: Friday, May 25, 2001 6:56 AM
> To:   ADS-L at LISTSERV.UGA.EDU
> Subject:      Payday Loans; TIPS
>
> PAYDAY LOANS
>
>    Today's WALL STREET JOURNAL, 25 May 2001, pg. 1, col. 1, has the
> seemingly contradictory term:
>
> _"Payday Loans" Are a Big Hit_
>    _With Many Consumers,_
>    _But Regulators Cry Foul_
>