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re: Just took on a client who took out pay day loans
Posted on 2/5/18 at 12:31 pm to KiwiHead
Posted on 2/5/18 at 12:31 pm to KiwiHead
quote:
how they operate and how they are able to essentially get away with 680% APR?
I don't understand this. They "get away with it" because dumbass people sign up and agree to it.
2
Posted on 2/5/18 at 1:11 pm to CQQ
They (the lenders) also get away with those rates, because the companies lobby state governments and get the legislation passed that allows for those rates to be charged within that state.
A look at usury in Christianity, Judaism and Islam might be an interesting google search, if you're a history buff.
Christianity and Usury
A look at usury in Christianity, Judaism and Islam might be an interesting google search, if you're a history buff.
Christianity and Usury
Posted on 2/5/18 at 2:42 pm to CQQ
The lobbying power behind predatory lending is huge in Washington and state capitals.
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