I just saw a commercial for the Pay Day loan association.

[chieftain]

They have some sanctimonious little prig preaching to the loans for title clientele to use these short term loans wisely.Geez these blood suckers enrage me. They prey on people's misfortune or weaknesses, then have the gall to arrogate themselves to a position of moral superiority using some of the money they extort from families in crisis.I am not sure what ring of the Inferno these people will inhabit in the after life, but if there is justice in the universe they will suffer mightily.I wish the same fate on their enablers in Congress as well.

[Lucky Luciano]

1. I don't like them either.

The rates they charge when annualized are astronomical- like wayyyy off the charts in the thousands of percent interest. Should be illegal.

[BleedingHeartPatriot]

2. They are the one of the worst results of "drowning" government.

Non Regulated Lenders. MKJ

[ohioINC]

3. horrible

These places are rampant in my state. They are allowed by the legislature to be pradatory. They destroy people if they get caught in their cycle.

[StClone]

4. LOL Best way to get even?

Read this: http://www.wsaw.com/home/headlines/3594856.html

[bleedingheart]

18. that isn't a way to get even...that is a way to end up dead or

in prison.

[StClone]

20. Oh bleedingheart

You didn't find it ironical, humorous, that a bunch of crooks were getting robbed!? I didn't tell you to go rob them or anyone else for that matter. :hi:

[liberalhistorian]

5. They will inhabit the same ring of the Inferno

that debt collectrolls, especially medical collectrolls, will, and rightfully so.

[Turbineguy]

6. These places have been growing for years

in WA State. Since the early 90's. To me they are a sign of a sick and dislocated economy. But then again, look what people spend on Meth, that's not exactly healthy either.

[TahitiNut]

7. They're one-half of a "hammer & anvil" economic beating.

With other 'reputable' lenders and utilities threatening foreclosure, shut-offs, confiscation, and obscene "late-fees" and interest hikes, not to mention overdraft fees, people made "malleable" by lack of adequate math literacy get caught in-between. Remember, the already difficult (and costly) process of going through bankruptcy to get debt "restructuring" has been made more difficult (and costly) and the benefits lessened. People have sudden illnesses and injuries ... or their children do. These "pay-day lenders" operate in an "arm's length" alliance with the (so-called) reputable lenders and services and pick the bones clean. There's very little support out there - and it's hard to find for those not already familiar with it. People at the lowest rung of the economic ladder often pay far more for many 'services' that more affluent people pay very little for. It's a bassackwards system that weighs heaviest on those with the least.

[chieftain]

8. Exactly. As Woody Guthrie sang in "Pretty Boy Floyd": some

folks rob you with a six gun, some use a fountain pen.

[ninkasi]

9. Well, all the right-wing fundies have to explain why

they condone and support the Republic party, which enthusiastically approves of these types of loans. This is what their Bible has to say...

http://www.tentmaker.org/lists/UsuryScriptureList.html



Scripture References to Usury, Interest

(All references are from the New King James Bible)

25 " If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest.
26 "If you ever take your neighbor's garment as a pledge, you shall return it to him before the sun goes down.
27 "For that is his only covering, it is his garment for his skin. What will he sleep in? And it will be that when he cries to Me, I will hear, for I am gracious. (Exodus 22:25-27)
----------------

35 ' If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you.
36 'Take no usury or interest from him; but fear your God, that your brother may live with you.
37 'You shall not lend him your money for usury, nor lend him your food at a profit. (Leviticus 25:35-37)
---------------

19 " You shall not charge interest to your brother -- interest on money or food or anything that is lent out at interest.
20 "To a foreigner you may charge interest, but to your brother you shall not charge interest, that the LORD your God may bless you in all to which you set your hand in the land which you are entering to possess. (Deuteronomy 23:19,20)
--------------

What do the good church-going fundie Republics have to say to this?

[Nevernose]

10. Old Testament. Doesn't count.

Jesus made the OT just a suggestion. Move along, nothing to see here.

[karlrschneider]

12. Funny though, how it DOES count when "the gay" is discussed.

:grr:

[Lex]

11. We finally ran those crooks out of our state.

They were just legalized loan sharking blood suckers, imho.

[walldude]

13. Legal loan sharks..

I got married in July 2005 and I came up short a few hundred dollars for the wedding bills, and went to one of these places. I borrowed $500 and ended up paying $150 interest a month for almost a year to keep floating the loan. Many times I would have been able to come up with the original $500 to pay it back but not the $650 to cover the principle and the vig. It ended up costing me over $1000 in interest in less than a year. Thankfully I finally got out of it. They call me every once in awhile telling me they are "always there for me" if I need them. Never will I be so stupid or desperate again.

[chieftain]

14. So many people live paycheck to paycheck with little or

nothing in reserve for emergencies that they are easy marks for these predators.For them to roll out this sanctimonious little twit to warn their clientele of the perils of using their services is so galling. I can imagine all these tight ass Republics congratulating themselves that they are so moral that they are above going to such a place.

[Crabby Appleton]

16. I agree, loan sharks,

there should be a statutory cap on interest and fees from any source.

[PA Democrat]

15. I saw one of those as well. It struck me as more offensive than the WalMart

ads telling people what wonderful and generous employers they are.

I saw the loan sharks' lipstick-on-a-pig ad right after a news story showing Cheney stating that Great Britain's pullout from Iraq was a sign of success. Watching TV is kind of like entering an alternate universe anymore, isn't it?

[chieftain]

17. Life in the time of Bush is certainly "Bizzarro World" on

steroids. Up is down, war is peace and a bald Brittany is news. The short term loan business has always pissed me off, but to lecture people who need help just hit me as so wrong just as those smiling Walmart employees do.

[sodenoue]

21. Bizarro America

I feel like if you take the inverse of what (Bush, MSM, Pat Robertson, Other Right-Wing-Nuts) they say or do you are left with their true intentions.

Actions speak louder than words.



Cui bono?

[Norquist Nemesis]

19. Saw that too and wondered if while they're running the ad on TV

for good PR, they're following up with a mailer to the clients..."Need cash? We're here for you!"