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What's so bad about payday loans?
| buck-toothed resort people who are hurt | 03/21/17 |
| Disrespectful mental disorder parlor | 03/21/17 |
| Ungodly messiness goyim | 03/21/17 |
| blue travel guidebook spot | 03/21/17 |
| olive titillating range | 03/21/17 |
| misanthropic jew meetinghouse | 03/21/17 |
| stimulating lodge really tough guy | 03/21/17 |
| arousing giraffe | 03/21/17 |
| mauve cruise ship degenerate | 03/21/17 |
| arousing giraffe | 03/21/17 |
| house-broken learning disabled hall | 03/21/17 |
| navy exciting cuck institution | 03/21/17 |
| orange adventurous electric furnace | 03/21/17 |
| Provocative jet-lagged jewess ratface | 03/21/17 |
| orange adventurous electric furnace | 03/21/17 |
| arousing giraffe | 03/21/17 |
| orange adventurous electric furnace | 03/21/17 |
| arousing giraffe | 03/21/17 |
| orange adventurous electric furnace | 03/21/17 |
| charcoal goal in life prole | 03/21/17 |
| Provocative jet-lagged jewess ratface | 03/21/17 |
| Cruel-hearted indian lodge | 03/21/17 |
| arousing giraffe | 03/21/17 |
| Disrespectful mental disorder parlor | 03/21/17 |
| Provocative jet-lagged jewess ratface | 03/21/17 |
| diverse self-absorbed native community account | 03/21/17 |
| house-broken learning disabled hall | 03/21/17 |
Poast new message in this thread
Date: March 21st, 2017 12:55 PM Author: buck-toothed resort people who are hurt (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880925) |
Date: March 21st, 2017 12:55 PM Author: Disrespectful mental disorder parlor (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: Ungodly messiness goyim * 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: blue travel guidebook spot (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: olive titillating range (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: misanthropic jew meetinghouse 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: stimulating lodge really tough guy 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: arousing giraffe 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: mauve cruise ship degenerate 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: arousing giraffe 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: house-broken learning disabled hall (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: navy exciting cuck institution 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: orange adventurous electric furnace *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: Provocative jet-lagged jewess ratface 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: orange adventurous electric furnace 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: arousing giraffe 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: orange adventurous electric furnace (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: arousing giraffe 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: orange adventurous electric furnace 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: charcoal goal in life prole 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: Provocative jet-lagged jewess ratface 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: Cruel-hearted indian lodge (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: arousing giraffe (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: Disrespectful mental disorder parlor (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: Provocative jet-lagged jewess ratface (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: diverse self-absorbed native community account 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: house-broken learning disabled hall 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. |