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Since when have payday loans been a scam? That's a very silly view and in my opinion doesn't fit the entrepreneurial spirit. Payday loans are valuable to a larg
by citricsquid 16y ago
Since when have payday loans been a scam? That's a very silly view and in my opinion doesn't fit the entrepreneurial spirit. Payday loans are valuable to a large number of people and a large number can and do handle them successfully. It's not a scam, it's just easy to screw up with.
is gambling a scam? are mortgages a scam? are "normal" loans a scam? are vc investments a scam? etc etc
- bendmorris 16y agoIf you're responsible but low on funds, payday loans can be a godsend. The interest is often lower than your checking account's overdraft charge, for example. If I was short between paychecks, I'd get charged $20 for each bill I have set on autopay.
- jrockway 16y agoOr you could just not pay the bills.