I realise that loan sharks used or still break legs to get their money but banks that participate in cash advances are no better, they charge $20 to every hundred same as loans sharks used to or still do but yet the banks are allowed to do this without any repercussions! I have a friend that went for a payday loan to get ahead and he's worse off now, reaaly sad how the system stomps the little guy.
How is it that years ago, loan sharks used to get arrested for cash advances and now banks blatantly do it?
Payday advances really are scum...
They get away with it, because there are laws they abide by, and most of them max out the amount of interest and fees they are allowed to charge.
People need to learn to read the fine print....
Reply:I agree with you. I think that pay day advances should be against the law completely. Credit cards are bad enough. They (credit cards) should not be obtainable until the age of at least 25, if ever, lol.
Reply:because our elected officals are in bed with the banking industry. They're allowed to charge these big interest rates- give loans to poor credit risks and then be bailed out by s%26amp;l with our tax dollars.....it makes me ill
permanent teeth eruption
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