Are short term loans to soon become acceptable?

While short term loans lenders have received an extraordinary amount of flak recently, especially in the media, the ability of ordinary people to be able to obtain short term loans when they want them may force society into accepting these loans companies as not only legitimate, but socially acceptable as well.

Payday Loans company defends the industry

There has been a lot of comment about the short term loans industry in recent weeks with many social commentators and MPs critical of the high interest rates typical of these companies and the sometimes lack of transparency when it comes to rivalling the true cost of borrowing.