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What's so bad about payday loans?
| Odious Pale Candlestick Maker Cuckold | 03/21/17 |
| Bat-shit-crazy Useless Brakes | 03/21/17 |
| Emerald internal respiration weed whacker | 03/21/17 |
| White box office telephone | 03/21/17 |
| Yellow Background Story Space | 03/21/17 |
| naked smoky gaming laptop property | 03/21/17 |
| Vibrant menage persian | 03/21/17 |
| Doobsian alcoholic wrinkle coldplay fan | 03/21/17 |
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| Doobsian alcoholic wrinkle coldplay fan | 03/21/17 |
| very tactful umber friendly grandma base | 03/21/17 |
| Disrespectful toaster water buffalo | 03/21/17 |
| tan university | 03/21/17 |
| Dead volcanic crater lettuce | 03/21/17 |
| tan university | 03/21/17 |
| Doobsian alcoholic wrinkle coldplay fan | 03/21/17 |
| tan university | 03/21/17 |
| Doobsian alcoholic wrinkle coldplay fan | 03/21/17 |
| tan university | 03/21/17 |
| twinkling provocative principal's office | 03/21/17 |
| Dead volcanic crater lettuce | 03/21/17 |
| Excitant corner | 03/21/17 |
| Doobsian alcoholic wrinkle coldplay fan | 03/21/17 |
| Bat-shit-crazy Useless Brakes | 03/21/17 |
| Dead volcanic crater lettuce | 03/21/17 |
| arousing red set black woman | 03/21/17 |
| very tactful umber friendly grandma base | 03/21/17 |
Poast new message in this thread
Date: March 21st, 2017 12:55 PM Author: Odious Pale Candlestick Maker Cuckold (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880925) |
Date: March 21st, 2017 12:55 PM Author: Bat-shit-crazy Useless Brakes (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: Emerald internal respiration weed whacker * 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: White box office telephone (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: Yellow Background Story Space (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: naked smoky gaming laptop property 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: Vibrant menage persian 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: Doobsian alcoholic wrinkle coldplay fan 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: fragrant black toilet seat piazza 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: Doobsian alcoholic wrinkle coldplay fan 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: very tactful umber friendly grandma base (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: Disrespectful toaster water buffalo 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: tan university *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: Dead volcanic crater lettuce 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: tan university 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: Doobsian alcoholic wrinkle coldplay fan 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: tan university (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: Doobsian alcoholic wrinkle coldplay fan 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: tan university 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: twinkling provocative principal's office 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: Dead volcanic crater lettuce 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: Excitant corner (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: Doobsian alcoholic wrinkle coldplay fan (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: Bat-shit-crazy Useless Brakes (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: Dead volcanic crater lettuce (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: arousing red set black woman 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: very tactful umber friendly grandma base 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. |