Pay Day Loans--Preying on Poor People

[Carla_Danger]

You won't see Fox News Nutwork covering this subject. Check out the conflict of interest. Here's another way poor people are getting screwed.

 

[deltex1]

Are they mandatory?

 

[Geaux4it]

Payday loans have always slid the meat to those who are over extended.

At ~32%

-Geaux

 

[The Breeze]

You won't see Fox News Nutwork covering this subject. Check out the conflict of interest. Here's another way poor people are getting screwed.


https://www.youtube.com/watch?v=2cJPL-CFYtE

Fox news thanks you for your continued support.

 

[Carla_Danger]

Are they mandatory?

Of course not. However, with our "right to get paid less" laws, many people are taking out these high interest loans just to get by. There are now more Pay Day loan offices than McDonald's. That's a reflection of stagnant wages.

I know you didn't have time to watch the video, because I just posted this. Why don't you educate yourself and post after viewing? Just saying...

 

[deltex1]

Does the video accurately reveal how many of the poor are poor through no fault of their own? I have a limited supply of tears.

 

[Carla_Danger]

Does the video accurately reveal how many of the poor are poor through no fault of their own? I have a limited supply of tears.

What part of stagnant wages don't you get? I know people with college degrees making $8-10 an hour in mail rooms. Raising minimum wage would certainly help. Or maybe you prefer living in a third world shit hole???

Sigh, you still haven't had time to actually watch the video. Got anything to say on the conflict of interest? Got anything useful to say at all???

 

[Lovebears65]

Last time I checked Pay day loans were not mandatory. No one is putting a gun to these peoples head to take one out.. Live within your means.

 

[martybegan]

Does the video accurately reveal how many of the poor are poor through no fault of their own? I have a limited supply of tears.

What part of stagnant wages don't you get? I know people with college degrees making $8-10 an hour in mail rooms. Raising minimum wage would certainly help. Or maybe you prefer living in a third world shit hole???

Sigh, you still haven't had time to actually watch the video. Got anything to say on the conflict of interest? Got anything useful to say at all???

What type of college degrees? Right now we are importing Engineers because our own schools don't pump out enough. Of course there are other degrees that are a dime a dozen, and others that are basically just stepping stones to very limited academic jobs.

And if those college graduates are physically fit, there are plenty of construction jobs out there that pay far better than $8-$10 an hour.

 

[The Rabbi]

Bullshit. People take these loans because they need them. Which would you rather do, pay 20% interest on$300 or have your car repossessed and be unable to get to work?

 

[ogibillm]

Payday loans have always slid the meat to those who are over extended.

At ~32%

-Geaux

32% would be low for payday loans. aprs are realistically 200% or far more.

 

[Indofred]

Payday loans are for stupid people.
If these people got a simple education, stopped smoking and drinking booze, they wouldn't need the loans.

Sadly for them, they're too thick to realise.

 

[deltex1]

One of my grandsons will soon graduate with a degree in actuarial math...I don't think he will be making min wage.....

 

[Indofred]

Bullshit. People take these loans because they need them. Which would you rather do, pay 20% interest on$300 or have your car repossessed and be unable to get to work?

Sell the car and buy a moped.
You still get to work, but at minimal cost.

Of course, the prols will claim a car is a human right - what idiots.

 

[The Rabbi]

Bullshit. People take these loans because they need them. Which would you rather do, pay 20% interest on$300 or have your car repossessed and be unable to get to work?

Sell the car and buy a moped.
You still get to work, but at minimal cost.

Of course, the prols will claim a car is a human right - what idiots.

You're an idiot.
Of course you're a self proclaimed anti semite so waht would anyone expect?

 

[martybegan]

One of my grandsons will soon graduate with a degree in actuarial math...I don't think he will be making min wage.....

Yeah, you don't see that degree every day.

Still, it must be nice only having to use 4 functions on your calculator. (engineers joke)

 

[deltex1]

Bullshit. People take these loans because they need them. Which would you rather do, pay 20% interest on$300 or have your car repossessed and be unable to get to work?

Which ones?

 

[Mac1958]

Last time I checked Pay day loans were not mandatory. No one is putting a gun to these peoples head to take one out.. Live within your means.

Does the video accurately reveal how many of the poor are poor through no fault of their own? I have a limited supply of tears.

Yep. You're both big greedy meanies 'n stuff for saying that, but it's true.

Also, these types of loans typically have an 18% to 20% default rate.

.

 

[Indofred]

Bullshit. People take these loans because they need them. Which would you rather do, pay 20% interest on$300 or have your car repossessed and be unable to get to work?

Sell the car and buy a moped.
You still get to work, but at minimal cost.

Of course, the prols will claim a car is a human right - what idiots.

You're an idiot.
Of course you're a self proclaimed anti semite so waht would anyone expect?

You are a liar.
Please quote the post where I claim to be such. You can't because you're a daft bastard with only lies to use as facts.

Fuck off, idiot.

Now, can you try to turn your brain on (if you have one), and answer my suggestion.
If a "worker" is too stupid to earn a decent wage, they should cut back on spending.

Car loan indeed, don't waste cash on stuff you don't need, then claim poverty.
Dude, that's why minimum wage burger flipping monkeys are on minimum wage - they're too fucking stupid to do anything else.

 

[Indofred]

One of my grandsons will soon graduate with a degree in actuarial math...I don't think he will be making min wage.....

Quite so.
Those with brains and a good attitude won't need to care about minimum wage, except as an employer or member of the management team deciding on how many of the monkeys to replace with machines.

Good luck to the lad - hard work and investment in his future should be rewarded.