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  1. #1 Western Sky 
    Power CUer NJCardFan's Avatar
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    Anyone seen these ads? How can this be legal? If you read the fine print, you borrow $10K at something like 89% interest and make 81 payments of $749.99 meaning borrow $10K and pay back $60,000
    The Obama Administration: Deny. Deflect. Blame.
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  2. #2  
    Senior Member Apache's Avatar
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    Quote Originally Posted by NJCardFan View Post
    Anyone seen these ads? How can this be legal? If you read the fine print, you borrow $10K at something like 89% interest and make 81 payments of $749.99 meaning borrow $10K and pay back $60,000
    Because Indians are doing it, that's how it's legal. They are still lower than most payday loan outlets
    Government is not the solution to our problem, government is the problem.
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    We could say they are spending like drunken sailors. That would be unfair to drunken sailors, they're spending their OWN money.
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  3. #3  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by Apache View Post
    Because Indians are doing it, that's how it's legal. They are still lower than most payday loan outlets
    So what you're saying is that they're a low interest loan shark?
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  4. #4  
    Sin City Moderator RobJohnson's Avatar
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    Quote Originally Posted by Apache View Post
    Because Indians are doing it, that's how it's legal. They are still lower than most payday loan outlets


    True.

    In the car business we had to pay off title loans that were over 900% APR to get the title on the trade in.
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  5. #5 Western Sky 
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    They are clearly raping desperate people, but those desperate people make the choice to use their services. It is not unlike the imbeciles who took out mortgages on houses they couldn't afford, thus creating the housing bubble. People have free choice. The key is to not be stupid. Nevertheless, those guys really are scalping people, pardon the pun.
    "The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
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  6. #6  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Wait...you mean these folks aren't Honest Injuns????
    May the FORCE be with you!
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  7. #7 Western Sky 
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    Quote Originally Posted by SarasotaRepub View Post
    Wait...you mean these folks aren't Honest Injuns????
    Dunno, but they sure are indian givers.
    "The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
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    Power CUer noonwitch's Avatar
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    Quote Originally Posted by Articulate_Ape View Post
    They are clearly raping desperate people, but those desperate people make the choice to use their services. It is not unlike the imbeciles who took out mortgages on houses they couldn't afford, thus creating the housing bubble. People have free choice. The key is to not be stupid. Nevertheless, those guys really are scalping people, pardon the pun.

    Rent A Center also scams the poor and vulnerable. They are ghetto vultures.
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  9. #9  
    Senior Member Unreconstructed Reb's Avatar
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    Quote Originally Posted by noonwitch View Post
    Rent A Center also scams the poor and vulnerable. They are ghetto vultures.
    Vultures feeding on parasites........................I have no problem with it.
    "The beauty of the Second Amendment is that you won't need it until they try to take it away."---Thomas Jefferson

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  10. #10  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by Unreconstructed Reb View Post
    Vultures feeding on parasites........................I have no problem with it.
    Not everybody who's poor or needs to borrow money is a parasite. It could be someone who's just starting out and who needs to make repairs on their car or home. Not everyone wants money for bling. Some people have a real need for stuff. To simply call everyone who's in need of money a parasite is the reason why we conservatives have problems winning poor people to our side.
    The Obama Administration: Deny. Deflect. Blame.
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