Payday loan-check advance business questions.

[dave1949]

nothin wrong with making a living.

No, but it depends on who is paying for it.

How many payday borrowers have or will file bankruptcy? Who eats that cost? How many poor people receive tax-supported assistance? Who pays for that?

So the payday check cashing business makes a nice profit, but in the end we all paid in some way because of that. There should be reasonable laws that limit the interest rates to protect society from clueless people, and those willing to profit excessively from their ignorance.

It costs real money to be poor. Another example is people using Western Union to get a car payment in before their vehicle gets repo-ed. The fees for that are much higher than just wiring money to someone.

 

[sam5570]

i have a question for the [IMO] did you expect to get the kind of responce here that you did??

 

[kenmac]

While we are at it,

Hospitals- taking advantage of the sick.
Pepsi-taking advantage of the thirsty.
Piggly Wiggly- taking advantage of the hungry.
Or maybe a PLUMBER taking advantage of a person with leaky pipes!

Don't think I will, or could, force ANYONE to use this type of lending service, that's 100% up to them!

Not correct.all the companies that you mention donate to charities which serve the poor. I've never read where a payday loan company donated anything. They only take away

 

[brain55]

Not correct.all the companies that you mention donate to charities which serve the poor. I've never read where a payday loan company donated anything. They only take away

You may want to Google that. All may not make charitable contributions, but a quick search will show some that do.

 

[fordmantpw]

Not correct.all the companies that you mention donate to charities which serve the poor. I've never read where a payday loan company donated anything. They only take away

All plumbers donate to charity but no payday loan companies do? Now you are just making up crap to support your side of the story.

 

[Rollcenter]

Not correct.all the companies that you mention donate to charities which serve the poor. I've never read where a payday loan company donated anything. They only take away

WOW!!!! Now that's a BOLD statement!!!!:laughing:

 

[mjarrels]

With the stroke of a pen by state government... your ability to operate goes away. Remember crooks don't like crooks moving in!

mark

 

[300UGUY]

With the stroke of a pen by state government... your ability to operate goes away. Remember crooks don't like crooks moving in!

mark

Plumbers and grocery stores don't have this risk.

 

[Loadstar]

Plumbers and grocery stores don't have this risk.

Sure you do.
Plumbers
-Braze some copper in a wall and after you leave place burns down.
-working in new hospital not even opens yet and a cap on a 3" waterline splits and ruins 3 finished floors.
Grocery store
- roll a pallet of ice through store to fill ice boxes, every dillweed around is trying to slip in water to get rich.

 

[jerrybob]

Hey, if you can take advantage of the ignorant and sleep well at night, have at it. I'm not the final judge.

Totally agree........Congress does it....why not you? After you build up some experience.....you might consider running for office.:thumbsup: