Who would do a Payday advance loan??/

[geckojohn]

Jeez, i was watching 60 Minutes and they were talking about these people trying to sue these company's. It's their own fault for taking out a loan with a rediculous interest rate..

 

[gistech1978]

nope.
i thought there were laws against usury.
I dont see how these places stay in business.

 

[geckojohn]

I think they should be allowed to stay in business. But i dont understand why someone would use them.

 

I know someone who does, its really sad.....

 

[Bateluer]

Originally posted by: gistech1978
nope.
i thought there were laws against usury.
I dont see how these places stay in business.

Some states don't have usury laws. In AZ, for example, there is nothing preventing a lender from charging 100% interest.

 

[QuitBanningMe]

Originally posted by: geckojohn
I think they should be allowed to stay in business. But i dont understand why someone would use them.

 

[QuitBanningMe]

In the military I was the paydeay loan service

 

[geckojohn]

people should have the freedom of choice if they want to get raped with fees. but what kinda person would want to use them??

 

[waggy]

My sister-in-law used them before she filled for bankruptcy.

I read the papers. yearly interest rate up to 500%! WTF how is this legal?

I remember a few years ago that they were trying to ban these places. i kinda wish they would. they pray on poor people with outlandish rates

 

[mb]

It's not usury because the loan is always less than $500.
Anyone who uses any of these payday loans, or title loans, are fucktards.

 

[dcdude]

i thought you only got raped with fees if you didnt pay in time

 

[mb]

Originally posted by: dcdude
i thought you only got raped with fees if you didnt pay in time

You get taped being raped twice and then the tape is sold online if you don't pay in time.