Jamie Fulmer recently wrote an article supporting the payday loan option.  In the column, he highlighted the negative conotation that a local newspaper, The State, a South Carolina based paper, has been giving to the payday loan industty. 

The State has clearly made its position known.  The paper has written several articles and columns calling for a ban on payday advances and have questioned the payday lending industry's lobbying and political contributions, suggesting that they are trying to persuade policy.

Fulmer points out that this position blatantly dismisses the value of the payday loan services for families.  There are thousands of consumers of payday loans in the state of South Carolina.  He also stated the the vast majority of consumers appreciate the service, have a good experience with it, and use the services responsibly.  He went on to explain that for one South Carolina company, Advance America, 90 percent of their customers repay their loans on time and are completely satisfied with the product.

We all know that our currently economy is struggling.  In a time of such financial and economic troubles, it's necessary to have services available for hardworking people who need access to short-term loans.  Sometimes payday loans are their only option or the least expensive option.  Payday loans are a great way to go for a lot of people, especially those who want to stay away from increased bank fees and credit card debt.  

It is important for people to have the freedom to weigh their options and choose the financial option that will be best for their situation.  Payday loans are one option that have helped many people, and should remain an option.