3 ms·
The poor can borrow money from source (yes, divulging their identity to that one source, and paying interest) and buy products in cash from all their vendors.
by goialoq 9y ago
The poor can borrow money from source (yes, divulging their identity to that one source, and paying interest) and buy products in cash from all their vendors.
- jsmthrowaway 9y agoLending to the poor not only barely happens, it’s a market overrun with predatory lenders. I remember an ad that used to run on late night TV that buried something like 150% APR in the fine print, attempting to avoid US regulation by nature of being operated on a Native American reservation. Who took them down, you ask? That oh so useless CFPB. Edit: Here they are. Look at the image of this woman’s loan: https://www.freep.com/story/money/personal-finance/susan-tompor/2015/09/24/western-sky-cash-call-michigan-refund/72733064/ https://www.freep.com/story/money/personal-finance/susan-tom...
- YawningAngel 9y agoI don't understand why reservations are allowed to assert sovereign immunity while acting as commercial entities