Citizen Number 9
(878 posts)
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Fri Dec-26-08 04:19 PM
Response to Reply #108 |
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I post in the interest of dispelling popular but false information. I believe people need to have actual facts to form good opinions as opposed to hearing and "believing" what others tell them.
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| -What is going on with these cash advance/pay day loan places? |
TwixVoy |
Dec-25-08 01:41 AM |
#0 |
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They are a bunch of fucking sharks and the absolute scum of the Earth. |
Gentle Giant |
Dec-25-08 02:00 AM |
#1 |
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They supply a vital service |
Citizen Number 9 |
Dec-25-08 02:56 AM |
#2 |
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Um... er... I think I kinda know exactly what "vital service" they provide. |
Gentle Giant |
Dec-25-08 04:03 AM |
#6 |
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I think I know what your problem may have been |
Citizen Number 9 |
Dec-25-08 10:12 AM |
#14 |
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Deleted message |
Name removed |
Dec-25-08 01:29 PM |
#41 |
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Maybe you don't know what's really going on in these |
malaise |
Dec-25-08 09:43 PM |
#55 |
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The best advice |
sentelle |
Dec-26-08 07:38 PM |
#149 |
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Um, sorry, but you don't have a clue about this industry. |
AZBlue |
Dec-25-08 11:15 PM |
#59 |
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Because payday lending can vary from state to state |
Citizen Number 9 |
Dec-25-08 11:51 PM |
#64 |
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And I'll have to discount your statements since they have no relation to reality. |
AZBlue |
Dec-26-08 02:36 PM |
#110 |
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Already has, thanks. |
Citizen Number 9 |
Dec-26-08 04:16 PM |
#132 |
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See post #39, below. |
Gentle Giant |
Dec-26-08 03:21 AM |
#73 |
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I've decided to simply ignore this idiot. |
AZBlue |
Dec-26-08 02:41 PM |
#113 |
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Put me on ignore. |
Citizen Number 9 |
Dec-26-08 04:20 PM |
#136 |
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He's telling you the truth of how they operate. |
LeftyMom |
Dec-25-08 11:35 PM |
#63 |
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Because the states require either payback or default |
Citizen Number 9 |
Dec-26-08 12:02 AM |
#65 |
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if they could pay back the loan so easily, they'd get it from their credit card, |
Hannah Bell |
Dec-27-08 12:46 AM |
#157 |
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They are scammers who have figured out how THEY can take advantage |
acmavm |
Dec-26-08 09:54 AM |
#85 |
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They are not poor BECAUSE they borrowed. |
Citizen Number 9 |
Dec-26-08 11:21 AM |
#97 |
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They are usurers. |
alarimer |
Dec-26-08 03:21 PM |
#118 |
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That is the Annual equivalent. |
Citizen Number 9 |
Dec-26-08 04:22 PM |
#137 |
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You are clueless |
nadinbrzezinski |
Dec-26-08 10:57 AM |
#93 |
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That is incorrect. |
Citizen Number 9 |
Dec-26-08 11:25 AM |
#98 |
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Local commanders make them off-limits. ALL of them. |
tabasco |
Dec-26-08 05:16 PM |
#147 |
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And if a soldier is found in an OFF LIMITS facility |
nadinbrzezinski |
Dec-26-08 08:24 PM |
#150 |
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Nothing More than Digital Loan Sharks |
NeedleCast |
Dec-26-08 11:46 AM |
#102 |
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You are truly |
notmypresident |
Dec-26-08 10:04 PM |
#152 |
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I agree with you |
madokie |
Dec-25-08 10:48 AM |
#20 |
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Sounds like you were taking loans you couldn't pay back. |
Blarch |
Dec-26-08 08:41 AM |
#79 |
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Wow. |
Gentle Giant |
Dec-26-08 03:37 PM |
#119 |
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So far, you haven't contributed much |
Citizen Number 9 |
Dec-26-08 04:25 PM |
#138 |
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Can you re-do this one in calligraphy, please? |
Gentle Giant |
Dec-26-08 04:48 PM |
#143 |
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on second thought, nevermind. |
OnceUponTimeOnTheNet |
Dec-25-08 04:05 AM |
#7 |
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The APR that they afford their customers is absolutely appalling, often times in excess of 200%. |
Selatius |
Dec-25-08 04:08 AM |
#8 |
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That's because they can't charge separate "fees" like other lenders can. |
Citizen Number 9 |
Dec-25-08 10:16 AM |
#15 |
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What you say is true, but at the same time, caution must always be warranted with these places. |
Selatius |
Dec-26-08 12:34 AM |
#69 |
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Fees on top of fees |
Citizen Number 9 |
Dec-26-08 11:27 AM |
#99 |
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Not necessarily true. Let me explain a bit further. |
Selatius |
Dec-26-08 02:25 PM |
#107 |
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The fee is for a two week loan |
Citizen Number 9 |
Dec-26-08 04:06 PM |
#129 |
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Of course not, but in both your examples... |
Selatius |
Dec-27-08 12:17 AM |
#155 |
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As do heroin dealers. n/t |
Crunchy Frog |
Dec-25-08 08:10 AM |
#11 |
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If you feel money is like heroin |
Citizen Number 9 |
Dec-25-08 10:17 AM |
#16 |
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. |
Crunchy Frog |
Dec-25-08 12:46 PM |
#39 |
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Thank you, Crunchy Frog! |
Gentle Giant |
Dec-25-08 01:33 PM |
#42 |
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Really, you should only go looking for loans |
Citizen Number 9 |
Dec-26-08 12:25 AM |
#67 |
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lollerskatez |
Gentle Giant |
Dec-26-08 03:19 AM |
#72 |
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Straight talk seems to make you very very angry. |
Citizen Number 9 |
Dec-26-08 11:16 AM |
#95 |
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I'm not sorry I had to see it. Not at all. |
Gentle Giant |
Dec-26-08 03:41 PM |
#120 |
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Wow. So much condescension in one little post. |
AZBlue |
Dec-25-08 11:17 PM |
#60 |
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it's the other way around |
hfojvt |
Dec-25-08 11:38 AM |
#30 |
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And then there's the ones that sneak five-digit interest rates in under "service charges" (nt) |
Posteritatis |
Dec-25-08 09:08 PM |
#50 |
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they are legal LOANSHARKS that prey on the poor |
Donnachaidh |
Dec-26-08 09:03 AM |
#80 |
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Say What? |
notmypresident |
Dec-26-08 10:03 PM |
#151 |
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I had bad experiences with payday loan sharks |
StopThePendulum |
Dec-25-08 11:19 AM |
#25 |
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What does your contract say? |
Citizen Number 9 |
Dec-25-08 11:44 AM |
#32 |
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Merry Christmas. n/t |
FormerRushFan |
Dec-25-08 01:56 PM |
#46 |
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Do you work for Amscot or one of the other outfits? nt |
Lorien |
Dec-26-08 02:33 PM |
#108 |
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Nah, he/she/it merely comes here to frustrate people and incite flames. |
Gentle Giant |
Dec-26-08 03:44 PM |
#121 |
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No. |
Citizen Number 9 |
Dec-26-08 04:19 PM |
#135 |
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& mostly run by bigger-name banks, through layers of disguise, |
Hannah Bell |
Dec-27-08 12:41 AM |
#156 |
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Responsible state governments send 'em packing- |
depakid |
Dec-25-08 02:56 AM |
#3 |
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I don't understand why Christians aren't picketing those places. |
Crunchy Frog |
Dec-25-08 08:13 AM |
#12 |
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Churches are the biggest "payday lenders" of the lot. n/t |
rrneck |
Dec-25-08 11:16 AM |
#24 |
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ExCUUSE me? |
Lydia Leftcoast |
Dec-25-08 09:37 PM |
#54 |
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Thank you! That was a major unnecessary and untrue |
liberalhistorian |
Dec-25-08 10:47 PM |
#57 |
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Nobody doubts the good works |
rrneck |
Dec-26-08 10:07 AM |
#90 |
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Oh, another refugee from a fundamentalist church |
Lydia Leftcoast |
Dec-26-08 04:03 PM |
#127 |
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Pride goeth before the fall. |
rrneck |
Dec-26-08 04:18 PM |
#134 |
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By the way, you wrote: |
Lydia Leftcoast |
Dec-27-08 09:15 AM |
#162 |
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Have you ever read the fine print and see the actual APR the charge. |
lapfog_1 |
Dec-25-08 02:57 AM |
#4 |
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I still think they underestimate the APR |
hfojvt |
Dec-25-08 11:30 AM |
#28 |
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APR is not an "estimation" as you say. |
Citizen Number 9 |
Dec-25-08 11:59 AM |
#36 |
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it's calculated wrong |
hfojvt |
Dec-25-08 01:34 PM |
#43 |
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Yes but if the loan is paid off in two weeks that's the way to calculate it |
RGBolen |
Dec-25-08 10:56 PM |
#58 |
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You don't appear to know what you are talking about. |
Citizen Number 9 |
Dec-25-08 11:29 PM |
#62 |
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They used to be called loan sharks and were illegal |
zeemike |
Dec-25-08 02:59 AM |
#5 |
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I am not sure how illegal |
hfojvt |
Dec-25-08 11:22 AM |
#26 |
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Legalized loan sharks & a sign of desperate times. All they need is Vinnie to come break your legs |
Hekate |
Dec-25-08 04:19 AM |
#9 |
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Get To Work Outlawing Them In Your State. Now |
zehnkatzen |
Dec-25-08 06:01 AM |
#10 |
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I don't think they should be outlawed, just make the high rate illegal. |
undeterred |
Dec-25-08 08:25 AM |
#13 |
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How do you figure? |
Citizen Number 9 |
Dec-25-08 10:21 AM |
#17 |
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Maybe an online business. |
undeterred |
Dec-25-08 10:37 AM |
#18 |
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Hardly. |
Statistical |
Dec-25-08 11:06 AM |
#22 |
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Okay, but |
Citizen Number 9 |
Dec-25-08 11:57 AM |
#35 |
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Not sure what the answer is.... but I don't think paydayloans are the answer |
Statistical |
Dec-25-08 08:56 PM |
#48 |
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pawnbrokers. There's always someone to bleed the poor. |
Hannah Bell |
Dec-27-08 12:56 AM |
#158 |
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Exactly |
ellie |
Dec-27-08 09:25 AM |
#163 |
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A lot of them put the main hurt in something other than the rate |
Posteritatis |
Dec-25-08 09:09 PM |
#51 |
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Those places are big rip offs, so are the "cash for your Gold" operations |
WillieW |
Dec-25-08 10:43 AM |
#19 |
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It's simple, and logical. Non-citizen workers cannot cash their checks |
Zorra |
Dec-25-08 10:53 AM |
#21 |
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I know 2 people who had lost jobs got hired by these places... |
skooooo |
Dec-25-08 11:13 AM |
#23 |
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What's with them? |
NaturalHigh |
Dec-25-08 11:23 AM |
#27 |
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Yeah, but an APR is kind of silly on a 2-week loan |
dmesg |
Dec-25-08 11:34 AM |
#29 |
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You might have a point if everyone paid them back in two weeks... |
NaturalHigh |
Dec-25-08 11:42 AM |
#31 |
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Only paying the fee and "rolling over" |
Citizen Number 9 |
Dec-25-08 12:02 PM |
#38 |
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your honestly don't believe that do you? |
Statistical |
Dec-25-08 09:01 PM |
#49 |
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I've already posted that "rollovers" are prohibited |
Citizen Number 9 |
Dec-26-08 12:31 AM |
#68 |
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Rollover protection doesn't exist. |
Statistical |
Dec-26-08 07:24 AM |
#74 |
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As I said earlier, you know NOTHING about this industry. |
AZBlue |
Dec-25-08 11:20 PM |
#61 |
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Technically, a "roll over" is where the |
Citizen Number 9 |
Dec-26-08 12:19 AM |
#66 |
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Which as multiple people have stated is NO PROTECTION. |
Statistical |
Dec-26-08 07:27 AM |
#75 |
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The borrower is happy to take the money in the first place. |
Citizen Number 9 |
Dec-26-08 01:22 PM |
#105 |
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As I said before but you so conveniently ignored, I researched payday loans this fall. |
AZBlue |
Dec-26-08 02:38 PM |
#111 |
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Where is "here"? |
Citizen Number 9 |
Dec-26-08 04:17 PM |
#133 |
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Except the fee is an insane % compared to the loan |
Statistical |
Dec-25-08 11:47 AM |
#34 |
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delete |
Old Broad |
Dec-25-08 11:46 AM |
#33 |
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all i know of these places is that they will cash pay checks when a bank |
brandnewlaptop |
Dec-25-08 12:01 PM |
#37 |
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If you can manage to keep a checking account, or even a savings account |
Citizen Number 9 |
Dec-26-08 01:29 PM |
#106 |
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We got rid of most of them by passing a law capping the usury they could charge |
greyhound1966 |
Dec-25-08 12:50 PM |
#40 |
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Here's an article I posted a few days ago. |
Liberal_in_LA |
Dec-25-08 01:37 PM |
#44 |
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But clearly, she should have read her contract... |
Gentle Giant |
Dec-25-08 01:43 PM |
#45 |
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There are more payday loan places in Arizona than McDonald's and Starbucks combined. nt |
thecatburgler |
Dec-25-08 02:10 PM |
#47 |
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One on every corner in Colorado. |
donco6 |
Dec-26-08 10:03 AM |
#88 |
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You can tell how hosed a local economy is by how many of them there are |
Posteritatis |
Dec-25-08 09:11 PM |
#52 |
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There is one in most mini malls in lower income Los Angeles neighborhoods |
Liberal_in_LA |
Dec-25-08 10:29 PM |
#56 |
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Right. They perform a number of financial functions |
Citizen Number 9 |
Dec-26-08 12:38 AM |
#71 |
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Just like legislating the end of slavery ended a line of employement for blacks? (n/t) |
Statistical |
Dec-26-08 07:55 AM |
#77 |
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No, I don't think slavery and employment have any similarities other than |
Citizen Number 9 |
Dec-26-08 09:46 AM |
#82 |
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Exactly and a "loan" that consumes 20% of your take home pay forever is modern day slavery. |
Statistical |
Dec-26-08 09:50 AM |
#83 |
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You're having a hard time understanding the basic facts. |
Citizen Number 9 |
Dec-26-08 10:00 AM |
#87 |
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You're just lying now. Banks & credit unions don't "refuse" to perform those functions. |
Hannah Bell |
Dec-27-08 01:07 AM |
#159 |
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It's the "poverty industry" coming to a neighborhood near you |
Lydia Leftcoast |
Dec-25-08 09:33 PM |
#53 |
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People enter the Sub-Prime arena because they have not performed well |
Citizen Number 9 |
Dec-26-08 12:36 AM |
#70 |
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A certain percentage of People cant "perform well" under the current economic and social system |
cap |
Dec-26-08 07:53 AM |
#76 |
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There is no doubt that is true for a group of people. |
Citizen Number 9 |
Dec-26-08 09:43 AM |
#81 |
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yep, those places always sprout like mushrooms in bad times. |
Hannah Bell |
Dec-27-08 01:09 AM |
#160 |
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You must work in the poverty industry yourself if you're justifying that |
Lydia Leftcoast |
Dec-26-08 08:18 AM |
#78 |
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In order to provide whatever service it provides, |
Citizen Number 9 |
Dec-26-08 09:52 AM |
#84 |
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Your agree the business model is to make people slaves? |
Statistical |
Dec-26-08 09:55 AM |
#86 |
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I'm having a hard time seeing where I said or even implied that the |
Citizen Number 9 |
Dec-26-08 10:03 AM |
#89 |
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No, you're the one who's defending an indefensible industry |
Lydia Leftcoast |
Dec-26-08 03:56 PM |
#125 |
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You didn't have the money for a deposit |
Citizen Number 9 |
Dec-26-08 04:34 PM |
#139 |
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I didn't have money for a deposit because my income was so low |
Lydia Leftcoast |
Dec-26-08 05:59 PM |
#148 |
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Truth about payday loans |
Statistical |
Dec-26-08 10:49 AM |
#91 |
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I think the REAL truth is that |
Citizen Number 9 |
Dec-26-08 11:08 AM |
#94 |
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Laughable |
Statistical |
Dec-26-08 11:17 AM |
#96 |
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Right. Here's the info on the military regulation: |
mbperrin |
Dec-26-08 11:35 AM |
#100 |
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$50 That's great. |
Citizen Number 9 |
Dec-26-08 11:36 AM |
#101 |
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by your own reckoning |
cap |
Dec-26-08 02:45 PM |
#115 |
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Who am I to decide what's worthy? |
Citizen Number 9 |
Dec-26-08 04:15 PM |
#131 |
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Don't bother trying to discuss this with them - |
AZBlue |
Dec-26-08 02:40 PM |
#112 |
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That may be your perception of the situation |
Citizen Number 9 |
Dec-26-08 04:47 PM |
#142 |
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Well, even you aren't THAT good. |
Gentle Giant |
Dec-26-08 04:52 PM |
#144 |
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91% of the people are suckers then. I got mine, fuck 'em, RIGHT....? |
FormerRushFan |
Dec-26-08 02:45 PM |
#116 |
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They are a symptom of a problem |
dsomuah |
Dec-26-08 10:53 AM |
#92 |
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There's an unmistakable odor of Freeper in this thread. |
thecatburgler |
Dec-26-08 01:01 PM |
#103 |
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No, you're not |
Lorien |
Dec-26-08 02:36 PM |
#109 |
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No, I'm noticing it too. |
AZBlue |
Dec-26-08 02:42 PM |
#114 |
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Hasn't worked so far. |
thecatburgler |
Dec-26-08 03:01 PM |
#117 |
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Well, I just did the same. |
AZBlue |
Dec-26-08 03:48 PM |
#122 |
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I gotta tell you, though: |
Gentle Giant |
Dec-26-08 03:49 PM |
#123 |
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He may or may not be a freeper but he's DEFINITELY |
Lydia Leftcoast |
Dec-26-08 04:02 PM |
#126 |
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I think so too. |
thecatburgler |
Dec-26-08 04:04 PM |
#128 |
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Or if you don't give a shit and are a self-serving slimeball |
Lydia Leftcoast |
Dec-26-08 04:08 PM |
#130 |
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Sorry to disappoint you. Democrat my whole life. |
Citizen Number 9 |
Dec-26-08 04:37 PM |
#140 |
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Amazingly, your efforts have led you to embrace Freeper views on a host of economic topics. nt |
thecatburgler |
Dec-26-08 04:43 PM |
#141 |
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A lot of people, but you in particular |
Citizen Number 9 |
Dec-26-08 04:52 PM |
#145 |
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We've tried your Freeper Economy for 30 years now. It's a miserable failure. |
thecatburgler |
Dec-26-08 04:58 PM |
#146 |
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Truth about the payday loan industry. 34% profit margins. blood-sucking scum. |
Hannah Bell |
Dec-27-08 01:14 AM |
#161 |
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The doctor said I wouldn't have so many nose bleeds if I kept my finger outta there. |
flvegan |
Dec-26-08 01:04 PM |
#104 |
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But I guess the real question is: |
Gentle Giant |
Dec-26-08 03:54 PM |
#124 |
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One here actually has a drive-thru window! nt |
mycritters2 |
Dec-26-08 10:05 PM |
#153 |
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They should be shut down forever |
IWantAnyDem |
Dec-26-08 11:28 PM |
#154 |
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