Google is directly to ban loan that is short-term, but we won’t stop providing short-term loans. Here’s why.

I do believe pay day loans are deeply problematic. But my business offers short-term loans that look similar and provide the customers that are same. The other day, Google banned advertisements for payday loans. Yet earlier in the day this year, Bing Ventures (GV) committed to my business, LendUp.

Demonstrably, this appears like a complete large amount of contradiction. But you and even though we had been astonished by the statement and could have taken an approach that is different LendUp and Google agree with a simple reality: the present pay day loan industry is harmful to Americans. Google is using force from the exterior, and we also applaud them. Continue reading