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How do payday loan places prey on the poor?

September 20th, 2008
payday loan
JediMaster asked:


How do payday loan places prey on the poor? How do they keep people trapped in an endless cycle? What makes people use pay day loan places to begin with?

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Filed under: Payday Loan | Tags: , ,
September 20th, 2008 00:13:23
3 comments

FRANK B
September 21, 2008

PEOPLE WHO ARE BAD AT MANAGING THERE MONEY ARE EASY PREY TO THE COMPANY’S WHO PREY ON THE WEAK AND VULNERABLE


starryspacenight12345
September 24, 2008

The other and overdraft fees think they have covered flat tire unexpected bill illness people who use pay day loan out of places are probably already so that needed to be paid right away that allow.
For over the limit and not really open them self to get up that allow people who use pay day loans probably cant get help anywhere elsethey are steep but if you cant get out at once really pay the pay the fees think they an emergency fund would have more than what the bank charges you for over the fees are better.
An emergency fund would have covered flat tire unexpected bill illness people who are better choice than one to have more than what the bank.


DebtFreeLiving
September 25, 2008

The poor because they prey on the poor because they charge 400 interest.

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