Some businesses thrive on the misfortune of others, making unfavorable deals with the poor and desperate to improve their bottom lines. While it's tough to discern the intentions and ethics of management, it's easy to identify the results of their reckless practices.
4 comments:
And who would you suggest a less than stellar financially needy person go to get money to pay for car repairs to get to work, or pay for a high Vet bill when the dog has been sick? If they live pay check to pay check, have no assets and don't repay loans on time? If there is a need, this is why there is pay day loans! Would you rather that type of borrower have no place to go?
That article conveniently forgot to include the various state lotteries in this list of "businesses" that target the poor who are desperately trying to improve their bottom lines.
6:51 I agree with you in part, but I like the fact that Maryland has a much stricter limit on the interest rate these legal loan sharks are allowed to charge. Delmar, DE is quickly becoming a town known for this kinda thing since Delaware is much more lax.
6:51 - I totally agree that these places do nothing but take advantage of people, whether you're poor or not.
I understand your point about sometimes being in the situation of needing a "bridge". However, take a look at the interest rates these places charge and you will see why they need to cease to exist, and in some states, they are banned!
They're nothing more than rip off artists!
No wonder they always seem to be "hiring". I can't believe people actually would want to take a job there, knowing full well they're going to be ripping people off!
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