Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Lending money to someone is an aggressive, dangerous act [View all]whatthehey
(3,660 posts)12. Not bullshit. Not privilege. Common sense
No I don't, and don't have to, read every line of fine print. I look closely though for key words and clauses like "APR" and "penalty" and "variable", and for deadlines and grace periods. This takes a minute or two at the most. Those with literacy issues can ask these as questions and ask where they can be found on the contract. Infantilizing poor people with the implication that this is beyond their wit and ability is too condescending for me. If they choose not to exercise a moment's care that's a different issue, but to say they are incapable of doing so is insulting.
Edit history
Please sign in to view edit histories.
89 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
You don't know anything about me. Pay Day loans ARE usurious. And yes I have had to use them.
Squinch
Apr 2016
#9
The payday loan that I was forced to take had high interest. It also saved me during a very
Squinch
Apr 2016
#51
You make an awful lot of assumptions about people who disagree with you.
AtheistCrusader
Apr 2016
#17
Your language about the essential need for lending describes exactly why lending should be regulated
Bluenorthwest
Apr 2016
#10
IMHO, his VERY worst moment. That act of treachery was MASSIVELY disappointing, and
closeupready
Apr 2016
#25
One doesn't get a loan without agreeing, in writing, to repay it with interest.
lumberjack_jeff
Apr 2016
#29
I'm asking you to use your little imagination and think of it from the bank
ProfessorPlum
Apr 2016
#79
You can't possibly even believe this. Maybe you are talking about payday loans.
Yo_Mama
Apr 2016
#68