Featured Post

Visionary Business: An Entrepreneur’s Guide to Success

ISBN13: 9781577316626 Condition: NEW Notes: Brand New from Publisher. No Remainder Mark. Product DescriptionThis transformative book has helped people all over the world to not only envision and create success but also build a truly visionary business: one that supports its employees, the community,...

Read More

Payday Loans Scrutinized

Posted by admin | Posted in Finance | Posted on 28-09-2009

15


With more American’s struggling financially, payday loans are coming under scrutiny for trapping the working poor in a vicious cycle of debt. Armen Keteyian reports. … armen keteyian payday loans debt financial finance

Content by Angel Ponsel

Comments (15)

Content by Fun Joomla

how would you that legaly?

Content by Home Decor Zine

I would never make a deal with the payday devil again. Credit Unions (especially State) offer a much better salary loan advance if your in need of money…for me it works so much better and intrest is much lower and the best part is the intrest taken goes into a separate savings account.

Content by Home Decor Zine

if you’re having problems getting a payday loan it’s because of your credit most likely, if your having problems and are interested in repairing your credit score write me. I can help raise it up 150 points legally.

Content by Joomla Developer

payday payday payday payday espece de payday :noel:

Content by Book Store

ahaahh payday in french mean: homosexual
ahahaha
pédé xD

Content by Alvisa Rizky

Damn right, and guess waht? Some of them even take mortgage loan. How irresponsible!

Content by Home Decor Zine

Gosh, i can’t believe how idiotic people could be. If you don’t like that kind of interest, then don’t take it. That lady said it herself, “I could live without electricity or fod bla…bla..” but she DID take it anyway. Then how the hell do you blame the lender? You’re not obligated to get a payday loan, got that?? That’s why you’re bankrupted.

Content by Book Store

Did they mention credit cards where you can pay interest on the same purchase…for 3 years!!! What about 5.6% APR mortgages that amount to over 100% interest over the life of the mortgage? But CBS will tell you how good and important mortgages are…such crap propaganda. What about being charged $35 bounced check fees after the banks stack checks so you are guaranteed to bounce more checks than just one? The “main stream news” are all paid whores for Wall Street and Bankers – take it at that.

Content by Joomla Developer

Because they are priced to reflect the level of risk inherent in such lending.

Content by Fun Joomla

How is this fair?? You say that payday loans charge too much?? What about the banks charging ridiculous amounts for bounced checks.. or what about Rentway and Rent-A-Center. Aren’t they targeting customers with low income?? They over-charge for their products!! Why don’t you go after them, too!!

Content by Book Store

If you dont wanna pay the interest dont get the loan! simple answer

Content by Alvisa Rizky

What happened to us being responsible for ourselves? There was a time not too long ago that we borrowed $300 from cashloancity com and had it paid back in a month without any problems. Heck, our credit cards charged us $40 for being a day late and charged us another $40 because that put us over our limit. Why isn’t that being talked about?

Content by Alvisa Rizky

The ones in my city are conviently placed near the low-incomes neighborhoods.

Content by Home Decor Zine

its AMAZING what these people will do to prey on the vulnerable people who need a LOAN………

Content by Drink Hot

They are there to help people….yah right. Then why are their interest rates so damn high?

Write a comment

Advertise Here

Powered by Yahoo! Answers