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What's so bad about payday loans?
| Mustard lay | 03/21/17 |
| fear-inspiring half-breed | 03/21/17 |
| vigorous nowag pit | 03/21/17 |
| godawful institution striped hyena | 03/21/17 |
| smoky coldplay fan resort | 03/21/17 |
| Aphrodisiac Dilemma Lettuce | 03/21/17 |
| Heady Church Building | 03/21/17 |
| Cyan affirmative action marketing idea | 03/21/17 |
| Aromatic private investor immigrant | 03/21/17 |
| Cyan affirmative action marketing idea | 03/21/17 |
| rose lascivious boltzmann center | 03/21/17 |
| Concupiscible theater stage toaster | 03/21/17 |
| canary hairy legs | 03/21/17 |
| bronze orchestra pit son of senegal | 03/21/17 |
| canary hairy legs | 03/21/17 |
| Cyan affirmative action marketing idea | 03/21/17 |
| canary hairy legs | 03/21/17 |
| Cyan affirmative action marketing idea | 03/21/17 |
| canary hairy legs | 03/21/17 |
| Rusted boiling water | 03/21/17 |
| bronze orchestra pit son of senegal | 03/21/17 |
| Exhilarant Bisexual Generalized Bond Property | 03/21/17 |
| Cyan affirmative action marketing idea | 03/21/17 |
| fear-inspiring half-breed | 03/21/17 |
| bronze orchestra pit son of senegal | 03/21/17 |
| histrionic idiotic ceo | 03/21/17 |
| rose lascivious boltzmann center | 03/21/17 |
Poast new message in this thread
Date: March 21st, 2017 12:55 PM Author: Mustard lay (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880925) |
Date: March 21st, 2017 12:55 PM Author: fear-inspiring half-breed (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: vigorous nowag pit * 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: godawful institution striped hyena (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: smoky coldplay fan resort (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: Aphrodisiac Dilemma Lettuce 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: Heady Church Building 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: Cyan affirmative action marketing idea 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: Aromatic private investor immigrant 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: Cyan affirmative action marketing idea 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: rose lascivious boltzmann center (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: Concupiscible theater stage toaster 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: canary hairy legs *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: bronze orchestra pit son of senegal 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: canary hairy legs 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: Cyan affirmative action marketing idea 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: canary hairy legs (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: Cyan affirmative action marketing idea 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: canary hairy legs 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: Rusted boiling water 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: bronze orchestra pit son of senegal 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: Exhilarant Bisexual Generalized Bond Property (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: Cyan affirmative action marketing idea (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: fear-inspiring half-breed (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: bronze orchestra pit son of senegal (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: histrionic idiotic ceo 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: rose lascivious boltzmann center 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. |