Payday loans don't pay
Payday loan places ... scum of the scum, as Dave Ramsey calls 'em. They must not be making enough dough off of people by pushing their legal loan sharking at a building, so now they're going online to do it.
A bunch of trash lenders are doing their dirty business on the Net now, baby. They say one of the plusses is that you can "save face" by not going into their brick-and-mortar places. Bub, if you're using cash advance at all, it ain't your face that needs to be saved, it's your wallet ... it's you!
People gripe about 29 percent interest on credit cards, but the rates that these yahoos charge can get up to 650 percent! That ain't how smart money works, jack. If you need extra cash, get an extra job. But if you use these payday joints, you'll make your deep money hole even deeper. You'll be digging your own financial grave, one advance at a time.
A bunch of trash lenders are doing their dirty business on the Net now, baby. They say one of the plusses is that you can "save face" by not going into their brick-and-mortar places. Bub, if you're using cash advance at all, it ain't your face that needs to be saved, it's your wallet ... it's you!
People gripe about 29 percent interest on credit cards, but the rates that these yahoos charge can get up to 650 percent! That ain't how smart money works, jack. If you need extra cash, get an extra job. But if you use these payday joints, you'll make your deep money hole even deeper. You'll be digging your own financial grave, one advance at a time.
1 Comments:
You're absolutely right. The family and I are excited about some new business areas coming near our home...a couple strip malls and a large mega-retailer. We're excited because travel times will be greatly reduced for us to do our weekly shopping...plus we're hoping for a couple sit-down type restaurants.
That is, until the signs started going up on the strip malls. One mall with 5 stalls show the signs:
Check n' Go
Check In2 Cash
Pallace Liquor
*Sigh*
That makes 6 check cashing places within a 1 mile radius, and 5 liquor stores.
Although we live in the country, there's several trailer parks and low-income areas near these new businesses.
Seems we're seeing these places more and more. Are they getting more profitable? Are Americans using these "services" more? What's the deal?
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