[abthomson]

It's not clear why the author decided to compare a ZestCash loan with credit cart debt when they're clearly different products. And while ZestCash's rates of 242% to 462% are high, they are, under certain circumstances, competitive. For example, in Washington state, MoneyMart charges in the 300s.

Source:http://www.moneymart.com/MM/_includes/templates/StateRates.a...

[jfager]

The point about credit cards was made because it's advice given to middle class consumers. I assume if 30% is too high for people with money, it's even more so for people without. From the perspective of the business making the loans, of course they're different models. I don't see that as the most important perspective, though.

And the fact that ZestCash is competitive with other usurious lending companies really does nothing to improve my opinion of them.