Payday lenders are really a trip!

lol .. they all need to be shutdown

Polly,

What happened in New Mexico?

Mishele--

Read this...

http://www.debtconsolidationcare.com...about8399.html

quote:

Enjoy the profit while you can. The day is rapidly approaching in which your industry will at least be seriously limited and regulated, and at best will be forced out of business all together. Many states have taken action to regulate or ban pay day lending, and many more are considering similar legislation or considering strengthening their existing regulations.



This is the amusing thing about people wanting to regulate us and shut us down. Do you honestly believe that if we are shut down, the demand from our customers will just magically go away? There is a reason we have been here as long as we have, PEOPLE NEED US. And dont think for one minute that if we are regulated to the point of non-profit that any of us will stick around.

The only time our loan equals 700-1000% apr is when consumers pay on the same loan for a year. If you pay these loans back on your first due date it will cost you $30. $30 to borrow $100 is not that outlandish. However cusumers these days dont read contracts, and BAM they pay 5 or 6 finance charges and the next thing you know here we are. You dont pay your loan and we are the bad guy. NO ONE HOLDS A GUN TO OUR CUSTOMERS HEADS AND FORCES THEM TO TAKE THESE LOANS. THEY COME TO US BECAUSE THEY HAVE NO WHERE ELSE TO GO. If you do get rid of us what will you do for money? The bank? Credit is probably to bad. Family? Either they can't afford to loan to you or that avenue has been exhausted. So I ask where do payday loan customers go? Like us or not, we serve a valuable service. Payday loans help drive economy. Where do you think the money is spent? Continue to rant and rave about regulating us and shutting us down. But, try to imagine what happens when the customers that use us to buy their groceries or unexpected expenses can no longer do that.

I know no matter what I say in this forum will not change any of the bleeding heart liberals that frequent this site. However, we are much better alternative to taking hard earned money out of honest tax payers pockets to pay for more welfare programs that weaken and disgrace this great country.

Payday loans are an aLternative to leading people into bankruptcy, losing their homes, unable to put food on the table, taking more out of checking accounts than suppose to. Believe me and most of the people in this forum will agree that there is alternatives to payday loans. Alot of states are starting to ban these places and hopefully someday you all will be shut down and out of business.

Give me an example of a suitable replacement to payday loans. If we were gone today, where would you go for $200 if you had to have it within 24 hrs?

Thank you for seeing my point.

And just how do you figure that the Payday Loan industry is going to help prevent people from being on welfare? That has to be the most ludricous assertion that I have ever seen!

Without regulation payday lenders are loaning more in principal and finance charges than a person can afford to pay back. Charging any interest rate above and beyond 25% apr is immoral.

Did you ever stop to think that the payday loan industry could drive people to the welfare line, food pantries, or other charitable organizations when they cannot afford to pay the loan and continue to survive?

If the payday loan industry went away, ALL Americans would be far better off!

You and your kind are nothing more than a loan shark. You are equivalent to the Mob!

I have learned that you can do without things in order to get by. Some of the alternatives are borrowing from a family member, friend, etc.

But you send e-mails offering payday loans that sounds too good to be true. People in need often believe this.

What you should do, force customers to read the fine print first. That could help them.

I have gotten sucked into the horrible payday loan cycle and am fight my way out. At first I thought these stupid things were a godsent and were wonderful. Now I know better and as soon as I can get myself out of the mess that I have gotten into, I will never go there again. PDL company suck you in with the "easy" payments and the "low" finance charges, but before you know it you are in way too deep. I wish that I had never heard of these loans.

If it were you, "you" had better be the constable coming to serve legal documents, or you would be in for a surprise if you were on MY doorstep, buddy!

By the way, nice ghostnym, chickens**t.

Yeah it is a good thing that these folks aren't coming when I am home. Found another one yesterday. I think I am going to post a NO TRESSPASSING sign and see if that helps..

Wow...I would probably call the cops after you put up the trespassing sign. Sounds like a damn stalker.

9jeyzccimzl9cs hrgy3iap9ck svn2ag28zvpbj

You should check your laws regarding check cashing....I think they can't hold you for a check on a closed account if they cashed it long after the date on it, heck, I think that a check is no longer good after a certain amount of time! Plus, I have seen that many of these places roll over the loans, but do not make a new check..the first time you roll over a loan that old check does not apply.