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In reply to the discussion: Lending money to someone is an aggressive, dangerous act [View all]lumberjack_jeff
(33,224 posts)33. Glad we agree.
Your solution to the problem of predatory lenders is to legislate them out of business. Mine (which in the absence of legislative consent is the only immediately useful approach) is to not patronize them.
The single mom who thinks that a payday loan is the only way to avoid homelessness is saved from their predation either way.
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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