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In reply to the discussion: Lending money to someone is an aggressive, dangerous act [View all]hfojvt
(37,573 posts)88. saving for a home?
really? So instead of borrowing money and making $200 house payments, you would suggest I come out ahead by paying $600 in rent those years while I try to save money to buy a house?
I think your math is faulty there.
Whatever the cost there is in interest is far less than the cost of rent. Especially considering that the loan can be paid off quickly.
And there is a cost, maybe not in money, for not owning a car if you live more than two miles from work. Even my .7 miles to work is not gonna be fun in this pouring rain.
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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