iCitizenForum

We are all free to do whatever we want to, and when it comes to finances, we do have rights to choose whatever we prefer to take. Many of us choose to turn to payday lending industry to seek for financial assistance. We have seen how the industry works for their costumers, but it's upsetting to hear that individuals have been calling for a ban on cash advance payday loans at the federal level. Social crusades, regardless how noble the impulse, almost always have consequences that are even worse than the original issue. Everyone s born with human rights, this how freedom exists. The exact same applies to a potential bar on cash advance lending. The effects will not be a net good, and may be even worse than individuals think. For instance, more overdraft fees can be assessed for a lot of individuals, and those get really expensive. There will even be a lot more bounced checks, which could be seriously detrimental. There would be some disastrous consequences for a ban on payday lending that many social crusaders neglect to mention. So, if you do believe that payday lending do a big help to consumers, then fight for it because it's yor right to do it so.

If you are mistaken on the facts of a subject it can create a rocky aftermath, particularly in an instance when you take a course of action based on those misinformed facts. The pros and cons of payday loans, and what the future holds for the industry often can fall victim to this. Some politicians from both parties are attempting to pass legislation that would restrict or take away your ability to get a payday loan. Unfortunately, some of these politicians have succeeded in passing their legislation. Some politicians have even gone as far as outlawing the industry all together. Many of these laws are based on the assumption that payday lenders are run under the same ethics as illegal loan sharks. Please don’t be misinformed on the facts, and educate yourself, family, and friends on the right to financial independence.

An old saying asks the question, "if something isn’t broke, than why fix it?" Speaking of the short term financial assistance that payday lenders offer, things surely aren’t broken. In fact, customers sing the praises of payday lenders largely because, when used properly, they’re one of the fastest and safest ways out of a sticky financial situation. Unfortunately, some people in high places don’t see it this way and are trying to fix something that isn’t broken. Several bipartisan efforts have outlawed the entire industry in certain states, even inspiring presidential hopeful, Barack Obama, to take aim at them as well. On November 4, don’t vote by party; vote for the peoples’ right to financial freedom.

The rights promised to Americans by the forefathers were meant to be guidelines for keeping order. We were given the unalienable rights to the life, liberty and the pursuit of happiness. Laws and regulations are created to keep the quality of life better for every citizen. According to the 2007 U.S. Department of Transportation Action Plan to Reduce Motorcycle Fatalities report, 4, 810 deaths were reported from motorcycle accidents, which was a 5 percent increase from 2005. Also, 11 percent of total fatalities from highway accidents were caused by motorcycles were reported. It also affected the Nation’s overall highway fatality rate. By creating laws that enforce vehicle safety the government is not trying to restrict freedom, just keeps citizens safe. We are not losing our sense of democracy by learning and educating others on better ways of living. Buying fluorescent light bulbs saves energy, but restraining from smoking in the car with an infant saves lives. We will “lose our rights” when the government controls the number of children born per family, or we lose our freedom to speak our thoughts on this blog site. Democracy was created to keep order, while giving people restrictions to set boundaries. Without boundaries it is human nature to destroy what was created and disrespect others.