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In reply to the discussion: Lending money to someone is an aggressive, dangerous act [View all]hfojvt
(37,573 posts)56. $30 is certainly a hell of a fee for a one week loan
that's like being a personal payday lender. I used to lend money to a few friends, and didn't charge anything. I didn't really want to do it, but I had one guy who said that he was paying a "friend" back double what he borrowed. So I felt like I should lend him money to save him from his "friend". They all paid me back, but it became like a revolving fund. They paid me back on the 5th of the month and two weeks later they borrowed money again.
Actually only a couple of them were friends. Another one was just a guy I knew. In my experience, when you have a business downtown, you meet a lot of "street people".
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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