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Message
Do people actually take out Payday Loans?
Posted on 8/4/16 at 9:57 pm
Posted on 8/4/16 at 9:57 pm
Ive never met anyone who has but do people really use these and their 4000% interest rates?
36
Posted on 8/4/16 at 9:58 pm to TigersHuskers
quote:
Ive never met anyone who has but do people really use these and their 4000% interest rates?
They wouldn't exist if there wasn't a market
Posted on 8/4/16 at 9:58 pm to TigersHuskers
Probably not, the 10000 of them in every city are just there for the mob to launder money.
Posted on 8/4/16 at 9:58 pm to TigersHuskers
Posted on 8/4/16 at 9:59 pm to TigersHuskers
Have you ever seen the people at the dmv?
Posted on 8/4/16 at 10:00 pm to TigersHuskers
Nah, they are just scattered everywhere because no one uses them.
Posted on 8/4/16 at 10:00 pm to TigersHuskers
I work close to that industry and you wouldn't believe the amount of people that do it. Low income individuals.
They get their loan
They give them their account info
Loan people take their money
They charge off their bank account
Rinse and repeat
They get their loan
They give them their account info
Loan people take their money
They charge off their bank account
Rinse and repeat
Posted on 8/4/16 at 10:01 pm to pwejr88
are people really that stupid where they get this shite?
and yea I know there is a lot of them
and yea I know there is a lot of them
Posted on 8/4/16 at 10:01 pm to TigersHuskers
I yelled at an employee of mine bc he showed me a pawn slip where he borrowed $60 at $12/week interest. I was like when you need $60 just ask me good god.
Posted on 8/4/16 at 10:02 pm to TigersHuskers
A co-worker of mine can't stop himself from going to those places... he also pawns everything he owns
He's a dumbass
he spends all his money on girls and had has nothing left.. he was a few thousand in the black before... now he's a few thousand in the red... all in 1.5 years while working overtime
He's a dumbass
he spends all his money on girls and had has nothing left.. he was a few thousand in the black before... now he's a few thousand in the red... all in 1.5 years while working overtime
Posted on 8/4/16 at 10:04 pm to TigersHuskers
You ever seen them rims that keep spinning after the car stops?
Posted on 8/4/16 at 10:05 pm to TigersHuskers
Very common near military installations for the lower enlisted to do this. Also the pawning of military equipment.
Posted on 8/4/16 at 10:06 pm to LucasP
quote:
You ever seen them rims that keep spinning after the car stops?
God those things are cool
Posted on 8/4/16 at 10:07 pm to TigersHuskers
quote:
Do people actually take out Payday Loans?
No. There are thousands of them around for no reason whatsoever.
Posted on 8/4/16 at 10:07 pm to LucasP
people really dont grasp just how bad poor people are with money. I have check cashing at some of my stores and every friday we do like $200-300,000 give or take and those people pay hefty fees + they end up dropping their paychecks on candy + snacks that are way more than a grocery store. The best is tax refund season, I love cashing those $8,000-$12,000 checks from the families with 4 or 5 kids. The people gladly just hand over a few hundred bucks to me to just give them cash. What a world, I cant complain and Im glad they dont do it at walmart bc they're way cheaper than i am.
Posted on 8/4/16 at 10:09 pm to TigersHuskers
Of course, predatory loans are the shite if you're the one loaning the money
Posted on 8/4/16 at 10:10 pm to dabigfella
quote:
people really dont grasp just how bad poor people are with money. I have check cashing at some of my stores and every friday we do like $200-300,000 give or take and those people pay hefty fees + they end up dropping their paychecks on candy + snacks that are way more than a grocery store. The best is tax refund season, I love cashing those $8,000-$12,000 checks from the families with 4 or 5 kids. The people gladly just hand over a few hundred bucks to me to just give them cash. What a world, I cant complain and Im glad they dont do it at walmart bc they're way cheaper than i am.
You are a true friend of mankind.
Posted on 8/4/16 at 10:12 pm to TigersHuskers
Worse are the car places for people with bad credit. They will pay 30000 for a car worth 3000, AFTER they put 3000 down.
Posted on 8/4/16 at 10:13 pm to dabigfella
Yay capitalism!!!!!
And to the guy who mentioned lower enlisted, I thought there were laws against them lending to military.
And to the guy who mentioned lower enlisted, I thought there were laws against them lending to military.
Posted on 8/4/16 at 10:17 pm to sealawyer
any business you can get into involving poor people you will thrive. I own a ton of cheap housing here in houston ie sub $60,000 homes and they rent for $900-1200. Some of these 1700 sq ft 3 br townhomes get 1200/month on $50k buy ins. The cap rates in the world of poor people are just staggering. I've learned this and I've invested more and more over the years catering to them.
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