Pay Day Loans--Preying on Poor People

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.


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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I replied to a post claiming there was criminal activity.

All restrictive regulations should be removed.
If a business can make money, laws should not be put in the way in order to protect a stupid man who would only toss the cash away on booze and cigarettes anyway.

You can't protect the stupid, so it's far better to exploit them in a way that causes less harm than their cigarettes or drugs.
 
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

You should make your argument by just attacking the scam that is payday lending and not attack foxnews which has reported on it. I am trying to find the story I saw about ignorant payday lenders gouging people and taking extreme steps to get their money from a few years ago.

Payday Loans More Costly Depending on Where You Live | Fox Business
This article bashes states for not having laws to protect against Predator lending

This article, well check the name, dumb debt decision in 2014!
10 Dumb Debt Decisions in 2014 | Fox Business
10 Dumb Debt Decisions in 2014

5. Take out a payday loan just until you get paid next week.

The payday loan cycle is very hard to break. If you didn't have the money for that unexpected expense this paycheck, why do you think you will have the money next paycheck? Look for alternatives to fund the expense such as selling something you don't need or borrowing from a friend or family member.


Foxnews.com attacking a worse scam that payday lending the title loan scam that are horrendous loans!
The Consumer Perils of a Car Title Loan | Fox Business


Reports from foxnews affiliate on the payday phone scam
FOX 8 Defenders: Payday loan phone scam warning - FOX 8 WVUE New Orleans News, Weather, Sports



Please check attacks. You have a valid argument, but your attack on foxnews and conservatives for payday lending hurts your argument. You will find resistance when there shouldn't have been, simply because you decided to make the conversation on conservatives and not on payday lending.

You will be interested to know that many DEMOCRATS make money off gauging the poor and people down on their luck. Take Russel Simmons. He screams about taking advantage of the poor, yet he is owner of a high interest rate and cost credit card scheme.

The Disingenuous Mr. Russell Simmons - Credit Slips
 
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Do they sell lottery tickets at the payday loans places? Seems like a natural fit to me....

I fully realize that the lottery is a tax on people bad at math, I'm just a person that always wants a little action going on, and the state lotteries are probably the cheapest way to do that.
 
they serve their purpose, don't get me wrong. I just think that some of the tactics used are a bit unethical, and generally speaking the clientele is both naive and ignorant.

that's why i don't think i'd want to outlaw the loans so much as make some changes in how business is done.
For instance, I believe that a loan should be paid off before another can be opened. one of the things the loan companies will do is offer a new loan to someone who is behind and in danger of default. they convince them that if they just bring in a little bit of money and update their info they'll give them a new loan to get them current. after a few times this turns that small hundred dollar loan into a huge balance and keep the person from ever paying off the loan, while the lender has essentially risked no new capital - they just haven't put the loan in default.
 
Zander's payday loans!! Only 2% a week!

We also sell liquor, cigarettes, medical marijuana, and lottery tickets!!

Bring your math challenged ass on in!!

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

I fully realize that the lottery is a tax on people bad at math, I'm just a person that always wants a little action going on, and the state lotteries are probably the cheapest way to do that.

yeah. i know i'm never going to win the lottery. it's still fun to put $8 a month (if that) towards the powerball and dream. i mean when you think of it i can spend $2 on a powerball ticket and dream for 3 days or I can spend $10 on a 2 hour movie ticket.
 
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???

the utter stupidity of liberfools is overwhelming, raising the minimum wage only increases the price of a cheeseburger to about $7.99, is that what you would like to pay ?

BTW :fu: your minimum wage and :fu: too :lmao:
 
There was recently a number of fines imposed on payday loan services around here for violating certain financing rules. Some of the fines were as high as $15,000. I was glad to see that.
 
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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Please show how the "error" was wrong.
You can't, mostly because you're far too stupid to understand very much at all.
I'll try to educate you - This lesson is free but further education will be charged at a fee I see as reasonable.
You may take out a loan if you're a minimum wage monkey.

Realise vs. realize - Grammarist
 
Payday loans are nothing more than legalized loan sharks.
Eighteen States and the District of Columbia Prohibit Extremely High Cost Payday Lending while Thirty-Two States Authorize High-Cost Payday Lending. These types of loans take advantage of people but than again no one is twisting their arms to get the loan. _Personally I feel any loan at triple digit interest rates should be outlawed.
Legal Status of Payday Loans by State
 
Payday loans are nothing more than legalized loan sharks.
Eighteen States and the District of Columbia Prohibit Extremely High Cost Payday Lending while Thirty-Two States Authorize High-Cost Payday Lending. These types of loans take advantage of people but than again no one is twisting their arms to get the loan. _Personally I feel any loan at triple digit interest rates should be outlawed.
Legal Status of Payday Loans by State

You suggesting the poor be protected from themselves.
Perhaps you should ban cigarette and beer sales to anyone on less than $15/hour.

Get real, these fools are ripe for the harvest so should be exploited before the other industries get to them.
 
Payday loans are nothing more than legalized loan sharks.
Eighteen States and the District of Columbia Prohibit Extremely High Cost Payday Lending while Thirty-Two States Authorize High-Cost Payday Lending. These types of loans take advantage of people but than again no one is twisting their arms to get the loan. _Personally I feel any loan at triple digit interest rates should be outlawed.
Legal Status of Payday Loans by State

You suggesting the poor be protected from themselves.
Perhaps you should ban cigarette and beer sales to anyone on less than $15/hour.

Get real, these fools are ripe for the harvest so should be exploited before the other industries get to them.

Just saying that all things should be equal. If they are going to prosecute Quido the Loan Shark then the should prosecute the Pay Day loan store for making the load at the same rate.
 
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

You should make your argument by just attacking the scam that is payday lending and not attack foxnews which has reported on it. I am trying to find the story I saw about ignorant payday lenders gouging people and taking extreme steps to get their money from a few years ago.

Payday Loans More Costly Depending on Where You Live | Fox Business
This article bashes states for not having laws to protect against Predator lending

This article, well check the name, dumb debt decision in 2014!
10 Dumb Debt Decisions in 2014 | Fox Business
10 Dumb Debt Decisions in 2014

5. Take out a payday loan just until you get paid next week.

The payday loan cycle is very hard to break. If you didn't have the money for that unexpected expense this paycheck, why do you think you will have the money next paycheck? Look for alternatives to fund the expense such as selling something you don't need or borrowing from a friend or family member.


Foxnews.com attacking a worse scam that payday lending the title loan scam that are horrendous loans!
The Consumer Perils of a Car Title Loan | Fox Business


Reports from foxnews affiliate on the payday phone scam
FOX 8 Defenders: Payday loan phone scam warning - FOX 8 WVUE New Orleans News, Weather, Sports



Please check attacks. You have a valid argument, but your attack on foxnews and conservatives for payday lending hurts your argument. You will find resistance when there shouldn't have been.

You will be interest to know that many DEMOCRATS make money off gauging the poor and people down on their luck. Take Russel Simmons. He screams about taking advantage of the poor, yet he is owner of a high interest rate and cost credit card scheme.

The Disingenuous Mr. Russell Simmons - Credit Slips



You're right. My mistake. They did report on Pay Day loans being the wrong choice. I'm surprised that they did. However, they did not cover the most critical issue, and that is the fact that you can't regulate these companies, because they change the type of loans they are providing.

So, Fox failed on reporting necessary regulations, and they failed "big time" on the politicians who own the companies, then write laws protecting these companies. They did not report on the conflict of interest.

Now, if I'm wrong, please correct me. Hell, i might even start watching Fox News.



.
 
Payday loans are nothing more than legalized loan sharks.
Eighteen States and the District of Columbia Prohibit Extremely High Cost Payday Lending while Thirty-Two States Authorize High-Cost Payday Lending. These types of loans take advantage of people but than again no one is twisting their arms to get the loan. _Personally I feel any loan at triple digit interest rates should be outlawed.
Legal Status of Payday Loans by State

You suggesting the poor be protected from themselves.
Perhaps you should ban cigarette and beer sales to anyone on less than $15/hour.

Get real, these fools are ripe for the harvest so should be exploited before the other industries get to them.



I'm putting you on ignore because you are too stupid to have a grownup discussion.



.
 
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?



Cash America paid $19 million in fines and refunds for illegally over charging service members, and destroying documents.

Why do you hate our troops?


.

No one forced our troops to use their service.
 

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