Check Cashing / Pawn your title rip offs

[veronak]

Re: Check Cashing / Pawn your title rip offs

Wow is all I can say, 391%. That is crazy and unfortunately they prey on people who's credit is dwon hill and are desperate, WOW

[debtdude]

Re: Check Cashing / Pawn your title rip offs

Look at the interest rate in light of the high-risk people they lend money! The more peole that skip town with the money, the higher the rates will be.

[joeswife]

Re: Check Cashing / Pawn your title rip offs

i borrowed money from there one time. i know..i konw..i shouldnt have..but i didnt have anyother way to get the money for a lawyer in child custody case..i was set up for 2 mos payments..each one was 54.00 or so..untill the last one...it was 500.00..huh..i only borrowed like 500. i flippped...my parents werent around..and i needed the money right then..i got the loan..then i managed to get my car sold adn paid it off in one week..it still cost me like $50 in intrest..but i didnt have to pay that last payment..i woulnt ever EVER EVER pay that again...id beg my folks or do something else...but not ever that.

have a good day
ericka

[Thrifty Ray]

Re: Check Cashing / Pawn your title rip offs

Look at the number of people who live paycheck to paycheck. For many people, this is a fact of life. "Payday Loans," as they are called, can reduce some of the stress for these people.

Am I saying payday loans are good? It's like anything else...if it's used responsibly, then it's ok. But if Bob and Payday Loans 'R Us knows you by name, then you'll soon be filing for bankruptcy.

Used responsibly? Where payday loans are concerned, that is an
oxy-moron.

Now, dont get grouchy with me...I know that a very small percentage of those who use these services need them for TRUE EMERGENCIES..and for that small percentage, if there is no other option, apurpose is served.

But for the majority of folks who use these services, it is because they are IRRESPONSIBLE with their money and this is just another (albiet costly) avenue to get quick cash.

Sorry- but I worked at a financial institution and I saw first hand what the real statistics were.

and folks who live paycheck to paycheck are the last ones who should rely on payday loans as an alternative to their financial problems.

[PRICEPLUS]

Re: Check Cashing / Pawn your title rip offs

You're almost better off going to a loan shark. What is the difference. I have seen stuff like this all my life under different names. It is EVIL! Plain EVIL!!!!!

[JBinKC]

Re: Check Cashing / Pawn your title rip offs

Yeah they are a big rip off but they sure are great businesses to invest in. In the last 5 years many of these type of stocks are up 10 or more fold. ie FCFS EZPW CSH

[PRICEPLUS]

Re: Check Cashing / Pawn your title rip offs

I'd sooner live in a card boardbox than legally steal from people! I could not sleep at night doing this sort of thing to those least able to protect themselves!

[Ima saver]

Re: Check Cashing / Pawn your title rip offs

We built a house for a guy that has one of those payday places. He turned out to be a real crook and we had a very hard time getting our money out of him. He moved in owing us $30,000.