Too much of the news about payday loans is negative. That's why we want to pass along information about payday loans that paint this product in a positive light. After all, many consumers take advantage of payday loans -- and many of them are able to use these short-term loans to resolve financial problems.

For example ...

* A report released by the Federal Reserve Bank of New York noted payday loans should not be considererd "predatory" because they can improve the financial condition of one's household. The Fed report was titled, "Defining and Detecting Predatory Lending."

* Petru Stelian Stoianovici, a researcher with The Brattle Group; and Michael T. Maloney, professor at Clemson University, reported that there should be no link between payday lending and bankruptcies. The researchers found no empirical evidence that payday lending leads to more bankruptcy filings.

* A 2010 report found neighborhoods with the presence of payday lenders actually could boast lower property crime rates than areas with no payday loan facilities.

* In 2009 Professor Adair Morse with the University of Chicago's Booth School of Business found that in regions hit by natural disastgers, consumers fared better if there were payday loan stores present. Morse's study also found there were fewer people in areas served by payday lenders who were treated for drug and alcohol addiction than in areas with no payday lenders in the community.

Needless to say, consumers should be grateful for the presence of payday loan stores.