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Payday loans are bad but they are not that unethical. The alternative option for people reliant on payday loans are actual loan sharks, which will turn out a lot worse for the debtor. So don’t be so hard on yourself.

I think it would be difficult, but possible to run an ethical payday loan company that focuses on building people up and out of long term debt.

I love the Freakanomics podcast that gives both sides to the Payday Loan industry: http://freakonomics.com/podcast/payday-loans/

I'm going to give that a listen this afternoon, thanks!

Having spent most of my spare time for the past 8 months on a FinTech idea (which I now question the cost of launching) I spent the day yesterday looking into PayDay loans as one of the URL's I got for said biz is pretty damn catchy for a PDL endeavor. Case in point--GoDaddy has all kinds of loan ads on the parked page.

I agree with you though, that's a sleazy way to make money, IMO.

>Definitely a low point.

I totally understand. It just made me feel dirty. I quit as soon as I was able.