Pay Day Loans--Preying on Poor People

[Carla_Danger]

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.

Cash America paid $19 million in fines and refunds for illegally over charging service members, and destroying documents. Surely you're smart enough to "REALIZE" they are committing crimes and taking advantage of our troops.



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[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.

Cash America paid $19 million in fines and refunds for illegally over charging service members, and destroying documents. Surely you're smart enough to "REALIZE" they are committing crimes and taking advantage of our troops.



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Yes, the laws should be changed to allow capitalism to operate without restrictions.
Pity, America was founded on capitalism, but seems to be heading towards a nice Marxist agenda.
You need a bit of Thatcherism.

 

[Carla_Danger]

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?

I agree, but some of those interest rates can be as high as nineteen hundred percent.



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[Katzndogz]

If they are committing crimes, identify that institution and prosecute them. Payday Loan places are under no obligation to provide free money.

 

[Carla_Danger]

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.

Over 300% and as high as 1900%.


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[Indofred]

If they are committing crimes, identify that institution and prosecute them. Payday Loan places are under no obligation to provide free money.

Also. the anti capitalism lot have totally failed to mention how many of these poor exploited poor people fuck off without paying their loan.

Rates have to be high to recover losses due to theft.

 

[Carla_Danger]

If they are committing crimes, identify that institution and prosecute them. Payday Loan places are under no obligation to provide free money.

Watch the freaking video. They do identify them. We've also got politicians who make laws protecting these companies, and at the same time, they are owners of these companies.. That's where the conflict of interest comes in. Geez Louise!



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[Carla_Danger]

If they are committing crimes, identify that institution and prosecute them. Payday Loan places are under no obligation to provide free money.

Also. the anti capitalism lot have totally failed to mention how many of these poor exploited poor people fuck off without paying their loan.

Rates have to be high to recover losses due to theft.

Obviously, you know nothing about business.


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[Carla_Danger]

Who all watched the freaking video, raise your hands....



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[Bush92]

So let me get this straight...payday loan people break into peoples homes, put a gun to their heads and make them sign a loan statement. Oh, really? They don't do that? Then whats your point?

 

[Carla_Danger]

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.

Before you call people stupid, you might learn how to spell "realize." Just saying...



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[Luddly Neddite]

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.

Cash America paid $19 million in fines and refunds for illegally over charging service members, and destroying documents. Surely you're smart enough to "REALIZE" they are committing crimes and taking advantage of our troops.



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Give it up -

Repubs/RWs care even less for our vets than do children.

 

[Skull Pilot]

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

The lottery is nothing but a tax on the stupid poor as well but that one is perpetrated by the government so it's OK right?

 

[Carla_Danger]

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.

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The ignorance on this thread is astounding. Here's another that didn't bother to watch the video.



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[Carla_Danger]

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.

Cash America paid $19 million in fines and refunds for illegally over charging service members, and destroying documents. Surely you're smart enough to "REALIZE" they are committing crimes and taking advantage of our troops.



.

Yes, the laws should be changed to allow capitalism to operate without restrictions.
Pity, America was founded on capitalism, but seems to be heading towards a nice Marxist agenda.
You need a bit of Thatcherism.

Who ties your shoes when you get up in the morning?

The problem is lack of regulation.

Another idiot that didn't watch the video.


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[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.

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The ignorance on this thread is astounding. Here's another that didn't bother to watch the video.


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Sure didn't!

But perhaps you didn't see that I was responding to two posts.

Sorry that your link was not important enough to me.

Now, tell me what I said that has you so upset.

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[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.

Before you call people stupid, you might learn how to spell "realize." Just saying...
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I'm so sorry you're so stupid, you have to work on a supposed spelling error instead of being able to make a point.
More so when you're fucking wrong about the "error".
Perhaps you should get a clue before making yourself look fucking stupid.

 

[Zander]

Do they sell lottery tickets at the payday loans places? Seems like a natural fit to me....

 

[Lonestar_logic]

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

Who is being forced to take out such loans?

Why do you hate freedom so much?

 

[Carla_Danger]

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.

Before you call people stupid, you might learn how to spell "realize." Just saying...
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I'm so sorry you're so stupid, you have to work on a supposed spelling error instead of being able to make a point.
More so when you're fucking wrong about the "error".
Perhaps you should get a clue before making yourself look fucking stupid.

They have clues on sale at Walmart, you should go buy one.


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