The Original Payday Loan

Thursday, August 29, 2013

With all the comments and media about payday loans there is something missing. I am 77 years old and can remember going to our local branch bank and getting my first loan. I got $100 on a 90 day note. Over the years this was used by the bank's customers. During this time the minimum amount available was raised to $200, $300 and continued until was no longer available. The last 90 day note I got from the bank was a minimum of $1,000.

Whatever you think about payday loans, good or bad, might I suggest that you go to your local bank and ask for a loan of $200 for 30 days and then share the results on Chattanoogan.com. I believe the readers would be interested in the process and results. In some areas the "good old days" had some good that has been lost. 

N.D. Kennedy Sr.
Ooltewah


An Alternative To Economic Development

If local and state politicians are truly interested in improving the lives of the poor they should take a look at the recent study by Steven Horwitz of the Mercatus Center at George Mason University. Breaking Down the Barriers:  Three Ways State and Local Governments Can Improve the Lives of the Poor.  The study takes a look at the regressive effects of occupational ... (click for more)

Roy Exum: My Garden In August 2015

Those in the know tell me the month of August is National Peach Month, so as I take a stroll through garden, I am paying particular attention to the poppy and the gladiolus because they are the “birth flowers" of this month. But as we dole out our months Orchids and Onions, let’s substitute a peach and a pit, that hard seed you find when you bite into a peach. A PEACH to the ... (click for more)

Michael Futrell, 38, Shot By Corey Mullinax, 25, In Cleveland

Michael Futrell, 38, was shot by Corey Mullinax, 25, Saturday night in Cleveland. At approximately  9:15 p.m. , the shooting occurred at Forest Grove Apartments at 2350 Blackburn Road SE. According to multiple witness statements, the victim, Mr. Futrell walked over to the vehicle of Mullinax, where the two were speaking. The suspect then shot the victim in the torso. ... (click for more)

Teenager Shot In Drive-By Shooting On West 38th Street

Javier Lansden, 18, was shot early Sunday morning on West 38th Street. At approximately  2:47 a.m.,  the Chattanooga Police Department responded to 264 Water Street for a person shot.  Officers found that the shooting occurred at 263 West 38 th  Street.  The victim stated he was sitting on his bicycle at 263 West 38 th  Street, when a dark-colored ... (click for more)

CFC Returns To National Championship With 3-0 Semifinal Win

The Chattanooga Football Club didn't score until the 69th minute but after Chris Ochieng's first goal, they would score two more to earn a 3-0 win over visiting Indiana Fire.   The NPSL national semifinal win, before more than 9,200 fans, gives Chattanooga another shot at a national championship after losing to the New York Red Bulls U23 team in the 2014 final.   ... (click for more)

PHOTOS: Chattanooga FC Shuts Out Indiana By 3-Nil