brandondrury
New User
Feb 24, 2006, 10:50 AM
Post #1 of 2
(478 views)
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Why don't they just post the rates?
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It's generally agreed on that Payday Loans are not cheap and certainly aren't long term solutions. Most of the hardcore liberals seam to want to weed out Payday Loans even though they are an extremely popular product/service. It seams to me that capitalism weeds out the crappy businesses, but allows good the businesses thrive.
Either way, the liberals bring up a few points by incredibliy out of touch people who just signed their name on the line and before they knew it were in the hole by $10k.
It seams to me that if we required the posting of a sign that said "$15 fee for every $100 borrowed per week" or whatever no one could complain and say "They didn't know!!!".
If people aren't educated enough to meet the liberal's standard on financial education, we should be pointing our finger at our school systems, not our payday loan industries.
Brandon Drury
http://www.pdadvance.com
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