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What's so bad about payday loans?
| Thriller sneaky criminal | 03/21/17 |
| Irradiated Business Firm Becky | 03/21/17 |
| Concupiscible unhinged hospital | 03/21/17 |
| Blathering Slimy Locale Shitlib | 03/21/17 |
| 180 anal indirect expression cuckoldry | 03/21/17 |
| self-absorbed national security agency | 03/21/17 |
| disrespectful blood rage | 03/21/17 |
| razzle-dazzle mahogany laser beams mediation | 03/21/17 |
| apoplectic cruise ship | 03/21/17 |
| razzle-dazzle mahogany laser beams mediation | 03/21/17 |
| poppy therapy | 03/21/17 |
| Electric Copper Kitchen Foreskin | 03/21/17 |
| Maroon Theater Mexican | 03/21/17 |
| passionate indian lodge pozpig | 03/21/17 |
| Maroon Theater Mexican | 03/21/17 |
| razzle-dazzle mahogany laser beams mediation | 03/21/17 |
| Maroon Theater Mexican | 03/21/17 |
| razzle-dazzle mahogany laser beams mediation | 03/21/17 |
| Maroon Theater Mexican | 03/21/17 |
| Burgundy idea he suggested newt | 03/21/17 |
| passionate indian lodge pozpig | 03/21/17 |
| Metal locus | 03/21/17 |
| razzle-dazzle mahogany laser beams mediation | 03/21/17 |
| Irradiated Business Firm Becky | 03/21/17 |
| passionate indian lodge pozpig | 03/21/17 |
| lavender lascivious spot | 03/21/17 |
| poppy therapy | 03/21/17 |
Poast new message in this thread
Date: March 21st, 2017 12:55 PM Author: Thriller sneaky criminal (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880925) |
Date: March 21st, 2017 12:55 PM Author: Irradiated Business Firm Becky (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880929) |
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Date: March 21st, 2017 12:56 PM Author: Concupiscible unhinged hospital * purple drank (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880944) |
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Date: March 21st, 2017 12:57 PM Author: Blathering Slimy Locale Shitlib (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880952) |
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Date: March 21st, 2017 12:56 PM Author: 180 anal indirect expression cuckoldry (chandler) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880937) |
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Date: March 21st, 2017 12:57 PM Author: self-absorbed national security agency tbh i'm not entirely sure how much people who dislike them think it's about them not being clear about their fee structure and how much it's just about high interest rates and other fees even if they'd still be pretty damn high just to cover credit risk even if you didn't care about making money beyond breaking even (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880958) |
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Date: March 21st, 2017 1:31 PM Author: disrespectful blood rage They're very very clear. Poors reason they'll just never pay them back anyway (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881240) |
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Date: March 21st, 2017 1:00 PM Author: razzle-dazzle mahogany laser beams mediation Because they are usurious and perpetuate a cycle of poverty. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880991) |
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Date: March 21st, 2017 1:28 PM Author: apoplectic cruise ship There's a market for poverty. People seem to love it. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881222) |
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Date: March 21st, 2017 1:29 PM Author: razzle-dazzle mahogany laser beams mediation Pigs do like to rue in their own shit. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881231) |
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Date: March 21st, 2017 3:29 PM Author: poppy therapy (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32882175) |
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Date: March 21st, 2017 2:01 PM Author: Electric Copper Kitchen Foreskin tcr (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881470) |
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Date: March 21st, 2017 2:39 PM Author: Maroon Theater Mexican *leans into mic*
In a profitability analysis by Fordham Journal of Corporate & Financial Law, it was determined that the average profit margin from seven publicly traded payday lending companies (including pawn shops) in the U.S. was 7.63%, and for pure payday lenders it was 3.57%. These averages are less than those of other traditional lending institutions such as credit unions and banks. Comparatively the profit margin of Starbucks for the measured time period was just over 9%, and comparison lenders had an average profit margin of 13.04%. These comparison lenders were mainstream companies: Capital One, GE Capital, HSBC, Money Tree, and American Express Credit.
Payday lenders aren’t charging outrageous interest rates so they can get fat off the profits. They’re charging outrageous interest rates because loaning money to poor people who often fail to pay back their loans is a hard business to break even on. |
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Date: March 21st, 2017 2:43 PM Author: passionate indian lodge pozpig you need to study more and retake. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881772) |
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Date: March 21st, 2017 2:46 PM Author: Maroon Theater Mexican if their business model is wrong go open a chain with lower rates and steal their customers (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881807) |
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Date: March 21st, 2017 2:51 PM Author: razzle-dazzle mahogany laser beams mediation Poor people would sell their babies if it was legal. They make bad decisions, hence their poorness. We must protect them from their own stupidity. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881851) |
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Date: March 21st, 2017 2:52 PM Author: Maroon Theater Mexican (urban elitist registered Democrat) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881860) |
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Date: March 21st, 2017 2:53 PM Author: razzle-dazzle mahogany laser beams mediation YNY. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881871) |
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Date: March 21st, 2017 2:40 PM Author: Maroon Theater Mexican relatedly, Professors of social science think check-cashing shops are evil because they charge the poor higher rates, so they should be regulated away so that poor people don’t foolishly shoot themselves in the foot by going to them. But on closer inspection, they offer a better deal for the poor than banks do, for complicated reasons that aren’t visible just by comparing the raw numbers.
http://www.businessinsider.com/check-cashing-stores-good-deal-upenn-professor-2017-2 |
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Date: March 21st, 2017 1:43 PM Author: Burgundy idea he suggested newt To what extent should one be able to fuck stupid people? (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881332) |
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Date: March 21st, 2017 2:00 PM Author: passionate indian lodge pozpig cq. i'm all for allowing people to make mistakes, but people living in poverty impose a ton of collateral costs on our entitlement society. at some point, the benefit of allowing people to contract freely is outweighed by agreements that make it virtually certain that someone will remain in poverty and continue to leech off of taxpayers/commit crimes their entire lives. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881458) |
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Date: March 21st, 2017 2:06 PM Author: Metal locus (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881498) |
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Date: March 21st, 2017 2:24 PM Author: razzle-dazzle mahogany laser beams mediation (guy who doesn't own a Rent-A-Center franchise) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881630) |
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Date: March 21st, 2017 2:33 PM Author: Irradiated Business Firm Becky (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881675) |
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Date: March 21st, 2017 2:38 PM Author: passionate indian lodge pozpig (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881713) |
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Date: March 21st, 2017 2:49 PM Author: lavender lascivious spot poors love payday loan stores. they would be lost in a world without them (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881825) |
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Date: March 21st, 2017 2:59 PM Author: poppy therapy I only oppose these to the extent the lenders mislead the recipients about loan terms. There is a fair amount of lying that goes on at the payday loan level despite regs.
I don't oppose the high interest rates or the existence of payday loans though. The only access to credit for these sort of people will come at a high rate bc of the risk. |