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This article is neither a condemnation nor a support to the lenders of the Thompson payday loans, which after all give a very valuable service to cash-strapped individuals. The intelligent reader would be able to discern for himself or herself if they are worth it or not. (Read: besides reading this, seeking inputs from the experts, etc).

Here are some things that -- while not exactly secrets -- are not what I would call as general knowledge. A sure thing is that these are things the lending entity would rather not let the borrower know, if given a choice.

Some truths about the Thompson payday loans:

APR or Annual Percentage rate is big. A usual sum is $200 for 2 weeks, with fees at around 15 to 30 for every one hundred.

Regulatory protections might not be able to assist the borrower if he or she enters difficulties. Take note that some national banks partner with lending entities.

The rolling over of a loan could cost more than the sum of the loan, in terms of fees from the company. There are studies that reveal that 75 percent of payday loan borrowers would roll over a loan once, at the very least. The lenders are in fact hoping that a borrower would be unable to meet the loan at the end of 2 weeks, for then, added fees would be "slapped" onto the consumer.

If you think their collectors are weak, you have not seen them at work. Repeated calls would be done to people who are missing out on payments, and for those who would simply turn off the mobile to "escape", they would be shocked when they find a debt collector agent at the doorsteps of their offices.