Just saw a payday loan ad that turned my guts.

[Bozita]

Single mom waitress in a greasy spoon is working a double shift.

Every shirt is stained with coffee and sweat.

"You give 110%. Sometimes they only leave you ten."

We know. So we're here for you. Advance America.


Think of the irony in that name.

[tridim]

1. At least they don't claim that you'll become poor if you don't use Free Credit Report dot com.

Which BTW isn't free at all.

[Pharaoh]

4. I always distrust those

"free" credit reports. Me thinks they are just getting info from you the better to F you with....

[Bozita]

5. imho, they probably sell your info, or parts of it, when you no longer subscribe to their hook

[Pharaoh]

2. The irony is

Advance America will likely be taking more than 110 percent from her.........

Bloodsuckers.........

[Rex]

3. My favorite one is the 'cash settlement' ads. The people rush to the

window and demand their money...to whom? I guess the MONEYMAKER IN THE SKY, the commercial is vague. Maybe it is to the actor who says, 'it is YOUR money, blah blah blah'.

Kinda freekin strange seeing how bad the economy is.

Here goes...GIVE ME MY MOTHERFUCKING MONEY NOW NOW NOW! RAIN DOWN ON ME O MONEY FROM THE SKY MAKER!




Nope. Nada...:(

[lapfog_1]

6. Different Blood suckers.

Structured Settlements... i.e. payments from insurance companies, payments from wills or trusts, payments from divorce settlements, quite possibly death benefits from the government...

Instead of getting the money spread over time, they "loan" you the money now in a lump sum and put themselves in between the structured settlement payer and you. Usually at exorbitant interest rates. If the settlement payer is really solid, you have a much better chance at getting a bank loan or other standard loan on the settlement.

I tried using J.G. Wentworth for a friend (who was extremely poor) who had inherited a great deal of money but was so not part of society that he had difficulty dealing with anything (I had to buy him a set of clothes and a tie so he could meet with the estate attorneys). It was a horrible deal and I told him to turn it down. I don't know if he went with them or not.

[MercutioATC]

7. They provide a service. It's legal. There's nothing wrong with that.

People can choose whether to use their service or not.

Imagine the following scenario (yes, I realize it's extreme, but these situations DO exist).

A single mother of two is just getting by with the little bit she makes at the job she got 2 weeks ago. The fuel pump in her car dies. She has two choices, fix the fuel pump so she can get to work...but not pay the electric bill or pay utilities and lose her job. If she doesn't pay the electric bill, children's services may take her kids and place them in foster care. If she loses her job, she won't be able to pay the electric bill next month.

She has no way out...but what if she could get a couple of hundred bucks now, fix the fuel pump, pay the electric bill, and pay the loan back with her next paycheck?

Yes, many people are irresponsible and take out loans that they can't afford to pay back. However, there are also those who would be worse off if these services didn't exist.