Comments on: Payday Loans Scrutinized

By: redradiodog

redradiodog — Wed, 04 Nov 2009 18:26:55 +0000

They are there to help people….yah right. Then why are their interest rates so damn high?

By: ClamTaco

ClamTaco — Tue, 03 Nov 2009 05:23:40 +0000

its AMAZING what these people will do to prey on the vulnerable people who need a LOAN………

By: malletdiva02

malletdiva02 — Mon, 02 Nov 2009 16:31:51 +0000

The ones in my city are conviently placed near the low-incomes neighborhoods.

By: royg6852

royg6852 — Fri, 30 Oct 2009 17:34:41 +0000

What happened to us being responsible for ourselves? There was a time not too long ago that we borrowed $300 from cashloancity com and had it paid back in a month without any problems. Heck, our credit cards charged us $40 for being a day late and charged us another $40 because that put us over our limit. Why isn’t that being talked about?

By: iren86

iren86 — Tue, 27 Oct 2009 17:21:21 +0000

If you dont wanna pay the interest dont get the loan! simple answer

By: skittlesgirl21

skittlesgirl21 — Sat, 24 Oct 2009 06:50:42 +0000

How is this fair?? You say that payday loans charge too much?? What about the banks charging ridiculous amounts for bounced checks.. or what about Rentway and Rent-A-Center. Aren’t they targeting customers with low income?? They over-charge for their products!! Why don’t you go after them, too!!

By: cm275

cm275 — Wed, 21 Oct 2009 08:29:44 +0000

Because they are priced to reflect the level of risk inherent in such lending.

By: vegaswolf

vegaswolf — Sat, 17 Oct 2009 20:53:53 +0000

Did they mention credit cards where you can pay interest on the same purchase…for 3 years!!! What about 5.6% APR mortgages that amount to over 100% interest over the life of the mortgage? But CBS will tell you how good and important mortgages are…such crap propaganda. What about being charged $35 bounced check fees after the banks stack checks so you are guaranteed to bounce more checks than just one? The “main stream news” are all paid whores for Wall Street and Bankers – take it at that.

By: tube23k

tube23k — Wed, 14 Oct 2009 10:04:22 +0000

Gosh, i can’t believe how idiotic people could be. If you don’t like that kind of interest, then don’t take it. That lady said it herself, “I could live without electricity or fod bla…bla..” but she DID take it anyway. Then how the hell do you blame the lender? You’re not obligated to get a payday loan, got that?? That’s why you’re bankrupted.

By: tube23k

tube23k — Tue, 13 Oct 2009 19:38:04 +0000

Damn right, and guess waht? Some of them even take mortgage loan. How irresponsible!