http://www.paydayloaninfo.com/payday-loans/military-payday-loans/ Military payday loans are not backed by the government and military payday loans are not sponsored by the military. So what are they? Just loans, and bad loans at that. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Now I don't know but I been told military payday loans are getting old. I don't know but its been said payday loans will make me dead. Looks good! Fells good! Oooo-ah... AtteeeeeenTION! Are you maggots ready for a lesson on military payday loans? Think you can handle those cheap payday loans pretty easy, huh? You can just waltz on in and get loans by the dozen! Well, he he...PRIVATE! How much debt do you have at the pink-o hands of military payday loans? - $2076 and 38 cents sir! Louder private! You yell like my grandpappy and he talks from a hole in his throat. Tracheotomy! - $2076 and 38 cents, SIR! Sweet Mary Mother of God. Over two thousand dollars! What in the sam hill you buyin' there boy? Porno mags? Golden statues of Zeus? Ivory tusks? Speak up boy! I need to hear this one! -Uhh, a new turbo for my mustang, sir? A new tur...new turbo for your mustang?!?! Holy Hottentots boy! There's soldiers dying in Erak right now for your yellow-bellied carcass and your buying a turbo! With payday advance loans! Holy Hell, we're cookin' with rocket fuel now! NOW GET ON YOUR GUTS AND GIVE ME FIFTY, PRIVATE! GIVE ME FIFTY! FIFTY! GO GO GO! Military payday loans need to be disciplined Its the sad truth, but military payday loans are severely crippling our armed forces. With the same regulations as regular payday cash loans, its strange to see such high numbers of derelict accounts - BUT! In a way its not so strange because military payday loans are all about finding the right target: military personnel fit the bill exactly for fast payday loans - young, below-average salary, hard working, spendthrifts, and financially dumb. Its unfortunate, but soldiers are not schooled in economics and personal finance, and they are primed to make the very mistakes that make all payday advances so unfavorable. and the exact candidates to fit the lenders best target are all found in the same congregations: military bases. A recent study in Washington state showed the number of payday advance businesses around military bases were 100% greater than anywhere else across the state. Not only are the personnel prime candidates, they have the opportunity for military payday loans shoved right down their throats the second they step off base. Perhaps the greatest tragedy of the whole military payday loans industry is that the providers of these loans are - for the most part - ex-military personnel themselves. Apparently the solidarity of the US armed services ends when a soldier is no longer "active," and thats when their predatory practices begin. So be warned, these loans are not guaranteed payday loans backed by the military or US government - they are the same exact loans provided to every one else, only the target is more vulnerable and the lending more offensive. Sat, 26 Jul 2008 15:00:00 EDT