
According to a California assembly man with the initials C.C, payday loans are a vital tool in these tough economic times. C.C. says that his new bill to raise to amount of money citizens can borrow with an online payday loan will help Californians in their financial struggles.
"It is a financial tool for poor people who routinely get rejected by banks and all other lending institutions," C.C. stated in an e-mail.
One member of the California Investment Coalition does not agree with C.C., and responded to his statement by declaring that "if a person does not have enough money to make it through the next two weeks it's not like that is suddenly going to change. It's like if someone is treading water, you throw them an anchor. It's just going to sink them."...