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This guy might be the best guy in the world but payday loans are predatory lending and regardless of the situation, puts people in a worse spot than they were b
by spkthed 18y ago
This guy might be the best guy in the world but payday loans are predatory lending and regardless of the situation, puts people in a worse spot than they were before.
Depending on the situation, they can charge over 1,000% interest. If payday loans were to charge 30% interest they'd still be able to cover the people that wouldn't pay.
It's a dumb saying but "don't be evil" springs to mind. Taking money off of the backs of the people that can least afford it isn't capitalism, it's greed.