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A good bit. Payday loans aren't something anyone wants to do, ever. They are predatory, they know people only turn to them at the last resort (ie, cant feed y
by jmcdiesel 9y ago
A good bit. Payday loans aren't something anyone wants to do, ever. They are predatory, they know people only turn to them at the last resort (ie, cant feed your kids) so they can charge whatever they want.
The justice comes in the fact that they lose a shit ton of money, because of how sleazy they are, the important credit companies (Equifax, Transunion, etc) wont work with them, so if you don't pay them back, your only loss is not being able to get more payday loans... (there is a specific payday loan/pawn shop loan credit bureau).
So, dont give people shit if they have to take a payday loan, i've been there... i've had to, when i got laid off and went 2 months without income and borrowed from about every family member I could... i basically asked my prior manager to lie and say i still worked there so i could get a loan to feed my family. I'd never walk into one of those places if I werent in dire straits...