David Davis

Posted by Online-Payday-Loans.org on Jul 13, 2006 in Proponent, Quotes

“Payday loan offices provide a service abandoned by the financial community. It simply costs too much for them to put a small loan on the books.”

David Davis defended payday loans in an article…

He also defended the high interest rates of cash advance loans:

“Would you risk loaning someone you didn’t know $100 on a promise to pay it back in two weeks? That’s what we do every day.”

Mr. Davis is president of the Kentucky Deferred Deposit Association. He owns 15 Check-N-Go stores.

Source: JPMorgan, Banks Back Lenders Luring Poor With 780 Percent Rates (Bloomberg)

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