World Crass Prizes (and PayDay Loan Offices)

[mascale]

Regardless if Madame Secretary of State, "Could never be proud of Sweden(?) until now," it is noted that U. S. banking and economics has grown circumspect about the customers, in recent months.

It is also recalled that Nixon's Kissinger got a chunk of the guilt money himself. With troops in both Iraq and Afghanistan: It is efven apparent, worldwide, that other nations actually get it right.

The Daily, Friday, October 9, 2009. Labour Force Survey

The two month increase of Canadian employment is apparently translated to the equivalent of 300,000 new jobs in the United States, according to CNBC, early West Coast. We have Ivy League, and Nobel-level, deficits instead--and. . . .to show for it.

In America, the going rate for a roof on the outhouse, in the meadow, at the resorts: Is even $28,000.00, USD. At New Department of Agriculture, it is well known that: "Quiche, Costs!" And as for belugia, in this global economy. . .Is it any wonder that real, new labor knows more about the Russians--than it does about the 35,000 who showed up in Chicago for the supplemental assistance only intended for 3,500.

Norways seems to want to get on record, behind that.

"Crow, James Crow: Shaken, Not Stirred!"
(There is, of course, Barclays: Lest the Colonials get their hands on the real money, first. Even though Science Itself has managed to bomb the moon, at least The chimpanzees are now "Free At Last!" "It wasn't us," they can comment: "We're the other line.")

 

[Paulie]

You love posting threads that no one gives a shit about.

 

[mascale]

And not even a little embarassed is anyone!?!

"Crow, James Crow: Shaken, Not Stirred!"
("It wasn't us," can say the monkeys, "It was them!")

 

[waltky]

80% of payday loans are rolled-over or renewed within 14 days...

The Downward Debt Spiral
March 31, 2014 — While most everyone knows payday loans are not sound financial planning, a new study sheds light on just how often these loans lead to a downward spiral of debt.

The Consumer Financial Protection Bureau released new figures showing more than 80% of people using such services roll the loan over or renew it within 14 days. The study also shows the majority of all payday loans are made to borrowers who renew their loans so many times that they end up paying more in fees than the amount of money they originally borrowed. "We are concerned that too many borrowers slide into the debt traps that payday loans can become," said Richard Cordray, the bureau's director.

Typically, these types of loans — also called as "cash advances" or "check loans" — help folks bridge the gap from payday to payday. The loans are normally given to people who likely would not qualify for other credit, typically expensive and less than $500. The bureaus based its report on data gathered from more than 12 million storefront payday loans during a 12-month period.

It found a primary driver of the cost of payday loans is consumers may roll over the loans or re-borrowing within a short window of time after repaying their first loan. The study looked at not only the initial loans but also loans taken out within 14 days of paying off the old loans — considering these subsequent loans to be renewals and part of the same "loan sequence."

Along with finding four out of five payday loans are rolled over or renewed, the study also found more than 60% of loans are made to borrowers in the course of loan sequences lasting seven or more loans in a row.

MORE

 

[editec]

You love posting threads that no one gives a shit about.

I like em, Paulie.

I like trying to follow the tangential leaps he makes from issue to issue, hoping to find the kernel of relevance each has to the other.