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  #1  
Old 05-29-2008, 03:20 PM
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PayDay Loan Sharks- 391%



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Old 05-29-2008, 03:24 PM
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I've got to quit my job and open up one of those places! I'll never win the lottery, so that seems like the next best thing.
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  #3  
Old 05-29-2008, 03:24 PM
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I applaud Ohio.

The pay-day loan people feed on the poor that are already in not-so-good financial situations and then make it worse.
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  #4  
Old 05-29-2008, 03:25 PM
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Originally Posted by Dee8go View Post
I've got to quit my job and open up one of those places! I'll never win the lottery, so that seems like the next best thing.
I know you are kidding, but how do those people live with themselves?
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  #5  
Old 05-29-2008, 03:25 PM
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Originally Posted by Graplr View Post
I applaud Ohio.

The pay-day loan people feed on the poor that are already in not-so-good financial situations and then make it worse.
Like predatory lending with mortgage institutions.
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  #6  
Old 05-29-2008, 03:30 PM
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Originally Posted by Graplr View Post
I know you are kidding, but how do those people live with themselves?
Some people hide in alleys with knives and guns and attack and rob people. I don't know how they live with themselves.

Some people sit in Congress and the Whitehouse and send young kids off to be maimed and killed in pointless wars. Who knows? I'm glad I'm not one of them.
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  #7  
Old 05-29-2008, 03:38 PM
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How many percent loan would you feel is fair to such high risk customers? There is a reason they cannot go to the bank and make a loan. Tons of NSFs, low income, no collateral, etc, etc.
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  #8  
Old 05-29-2008, 03:42 PM
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Originally Posted by Graplr View Post
how do those people live with themselves?
How do those people who write bad checks live with themselves? How do the loan defaulters live with themselves. Sorry, they got themselves into this situation. Now you want people to have sympathy for them? I suppose we have to save people from themselves too?
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  #9  
Old 05-29-2008, 03:53 PM
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Believe me,to people of that spectrum the word foreclose is an article of furniture with drawers.....
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  #10  
Old 05-29-2008, 04:01 PM
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Good one, Carleton.
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1998 Lincoln Continental - Sold
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  #11  
Old 05-29-2008, 04:04 PM
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Originally Posted by Carleton Hughes View Post
Believe me,to people of that spectrum the word foreclose is an article of furniture with drawers.....
So why should we care that they are forced to turn to payday loan people? Who else decent would lend to them?
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  #12  
Old 05-29-2008, 04:06 PM
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Quote:
Originally Posted by Mistress View Post
Like predatory lending with mortgage institutions.
But probably with a difference though.

These guys probably send a couple of Guidos around the first time you are delinquent who give you a brief, impersonal lecture about the difficulty of trying to make a living with TWO broken arms.....

And the high cost of dental care.
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  #13  
Old 05-29-2008, 04:09 PM
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Originally Posted by aklim View Post
How do those people who write bad checks live with themselves? How do the loan defaulters live with themselves. Sorry, they got themselves into this situation. Now you want people to have sympathy for them? I suppose we have to save people from themselves too?
There you go muddying the water again....

So answer me this first. You don't consider charging someone 391%, harassing them, stealing from their bank accounts wrong?
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  #14  
Old 05-29-2008, 04:10 PM
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So why should we care that they are forced to turn to payday loan people? Who else decent would lend to them?
That is the point. They need to not be borrowing money.
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  #15  
Old 05-29-2008, 04:12 PM
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Quote:
Originally Posted by Dee8go View Post
Some people hide in alleys with knives and guns and attack and rob people. I don't know how they live with themselves.

Some people sit in Congress and the Whitehouse and send young kids off to be maimed and killed in pointless wars. Who knows? I'm glad I'm not one of them.
I have come to the conclusion that people can rationalize anything.

When you look at how these organizations operate they might as well be hiding in alleys and stabbing them.

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