4/12/2005

Money Mayday!!!

If you need some money to tide you over until payday, I have a loan for you!
You can get a short term, high interest loan from your neighborhood cash advance payday loan place. While some feel this is a convenient way to get cash until payday, I call it another case of preying on the weak and poor. These places have an APR of around 650% and generally leave people who do not have a lot of money even less. If you are the type who frequents these places, you might want to consider a realistic budget. If you do not have friends and family you can borrow money from, you would be better off taking out a cash advance from a credit card, or even talk with your local bank. If you don't want to go that route, go to the pawn shop. I think that these places are the worst route you can go. Even congress is now mulling the idea of clamping down on this.

2 Comments:

At 4:03 PM, Blogger Jude said...

You should see the place in springfield on Fridays. People are lined up outside into the parking lot. At first I thought maybe the radio station was having a promotion and giving something away, but it seems it was just people looking for party money.

 
At 3:04 PM, Anonymous Anonymous said...

I am certain the folks using the Payday loan establishments have now read your blog and changed their harmfull habits. Good Job! I am glad someone out there is fighting with the almighty power of their pen to rid the world of evil. wow.

 

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