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There's nothing wrong with being a pay day loan company. Their interest rates (500% or more) are through the roof for making high risk loans that no other bank
by johnglasgow 16y ago
There's nothing wrong with being a pay day loan company. Their interest rates (500% or more) are through the roof for making high risk loans that no other bank will touch.
high risk = high reward
- retube 16y agoI'm not sure how much risk these outfits really run. They're not unsecured loans. You don't repay it, they'll call in the debt collectors and take away your TV and anything else they can get their hands on.
- johnglasgow 16y agoIf payday loans are really as secure as you make them sound, the interest rates wouldn't be so high on the loans. It's pure economics.