Payday Loans Scrutinized
With some-more American’s struggling financially, payday loans have been entrance underneath inspection for trapping the operative bad in the infamous cycle of debt. Armen Keteyian reports.
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Payday loans benefit people who get paid monthly. You have to wean yourself off them and that is what I am doing. I believe that the government should regulate the interest of payday loaners. People will call that socialism, but it is better to do that then to take advantage of low income middle class people. School systems, parents, communities, and our federal government need to take a class in economic and financial literacy.
fuck a payday loan
I work for a “Payday Loan” office…they’re fucking evil. Trust me.
The company I work for treats their employees like shit, and they don’t give a goddamn about the customer.
The gentleman at :42 appears to be retrieving a rifle and box of ammo from the back of his truck. Perhaps he is attempting to settle his debts in a non-traditional manner?
how would you that legaly?
I would never make a deal with the payday devil again. Credit Unions (especially State) offer a much better salary loan advance if your in need of money…for me it works so much better and intrest is much lower and the best part is the intrest taken goes into a separate savings account.
if you’re having problems getting a payday loan it’s because of your credit most likely, if your having problems and are interested in repairing your credit score write me. I can help raise it up 150 points legally.
payday payday payday payday espece de payday :noel:
ahaahh payday in french mean: homosexual
ahahaha
pédé xD
Damn right, and guess waht? Some of them even take mortgage loan. How irresponsible!
Gosh, i can’t believe how idiotic people could be. If you don’t like that kind of interest, then don’t take it. That lady said it herself, “I could live without electricity or fod bla…bla..” but she DID take it anyway. Then how the hell do you blame the lender? You’re not obligated to get a payday loan, got that?? That’s why you’re bankrupted.
Did they mention credit cards where you can pay interest on the same purchase…for 3 years!!! What about 5.6% APR mortgages that amount to over 100% interest over the life of the mortgage? But CBS will tell you how good and important mortgages are…such crap propaganda. What about being charged $35 bounced check fees after the banks stack checks so you are guaranteed to bounce more checks than just one? The “main stream news” are all paid whores for Wall Street and Bankers – take it at that.
Because they are priced to reflect the level of risk inherent in such lending.
How is this fair?? You say that payday loans charge too much?? What about the banks charging ridiculous amounts for bounced checks.. or what about Rentway and Rent-A-Center. Aren’t they targeting customers with low income?? They over-charge for their products!! Why don’t you go after them, too!!
If you dont wanna pay the interest dont get the loan! simple answer
What happened to us being responsible for ourselves? There was a time not too long ago that we borrowed $300 from cashloancity com and had it paid back in a month without any problems. Heck, our credit cards charged us $40 for being a day late and charged us another $40 because that put us over our limit. Why isn’t that being talked about?
The ones in my city are conviently placed near the low-incomes neighborhoods.
its AMAZING what these people will do to prey on the vulnerable people who need a LOAN………
They are there to help people….yah right. Then why are their interest rates so damn high?