The Payday Loans industry has recently been under siege by politicians from every party. The governors of Oregon, North Carolina, and Georgia completely banned the payday loan industry in their states. However, the decision to eliminate payday loans is not in the best interest of the people who live in those states. For example, in the state of Georgia, bankruptcy filings, bounced checks, and home foreclosures all suddenly increased after payday loans were banned. Although it’s been proven that the number of bankruptcy, bad checks, and foreclosures rise when cash advances are prohibited within a state, many governors of other states are attempting to pass the same anti-payday loan legislation. High level politicians are hoping to eliminate payday loans from the entire United States. If this actually happens, it is quite plausible that there will be even more unemployment, debt, bankruptcy, and foreclosures in our already struggling economy.