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Payday loans serve a purpose. Thinking the poor use them because they're irrational or stupid is just elitist. A payday loan might have an atrocious interest r
by morgante 11y ago
Payday loans serve a purpose. Thinking the poor use them because they're irrational or stupid is just elitist.
A payday loan might have an atrocious interest rate, but it's better than getting kicked out of your apartment because you're $30 short on rent or getting thrown in jail for a parking ticket.
- Consultant32452 11y agoNope, the payday loan is still a raw deal. You're not going to get kicked out of your apartment for being $30 short on your rent. There's a reason states are cracking down on these pay day loan places and it's not because the government hates poor people.