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If you live in the state of Texas and have a payday loan request to be placed on the extended payment plan. All interest must stop and the balance will be split into 4 payments. This is for store front only, not loans over the internet so be careful.
Amen, amen, amen
Usury. In roman times you’d be put to death for it. Jesus’ only violent act in the bible was against usury.
People are so brainwashed, they see usury as a moral way to make money, when in reality its the ultimate evil.
Payday loans critics claim the industry “costs” Americans $4.2 billion in fees. But in 2006, consumers spent $4.2 billion in ATM charges to withdraw their own money. They paid an estimated $22 billion in NSF fees to banks & credit unions, and banks collected an estimated $10.3 billion for overdraft protection. Businesses charged an estimated $57 billion in late bill payment fees. And credit card interest cost consumers more than $87 billion.
Watch the attached video for APR comparisons.
Payday loans are cheaper than overdraft ‘protection’ and bounced check fees. Even the FDIC has stated that the only reason banks and credit unions don’t offer payday loans is because they make an obscene amount from fees and overdraft protection – interest rates on overdrafts charged by credit unions and banks can exceed 2,000 percent, which dwarfs what payday loan organizations charge.
I myself am in Payday loan debt I would go to three or more payday oan places in one day then I would sometimes use the online loan places as well. My bank acount was always overdrawn because the loan compnies wanted the money that I didn’t have.
Now regreat ALL of these Payday loans I took out are in collections. There is a happy ending I am now working to pay back every payday loan company I owe! I am also working with my former bank to pay them back as well! And I no longer have chacks!
.Borrow $100 pay back $117.CashAdvance,
Compared to writing 1 bad check for $100. That bad check will cost you $30 at the bank and sometimes $25 at the place you wrote it.
Now tell me the bank is on your side and they aren’t screwing you! Who is the bad guy here!
Open your eyes, any financial institute will cost you a lot of money if you abuse it.
It is the ones who abuse it that dig themselves into a hole.
payday loans suck. i agree! never go to check and go!
Not many views of this! Kind of surprising given the amount of high debt loads everywhere.