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PayDay Loan Tree
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How Payday lending works
There wouldn’t be payday loans shops if people would stop going to them.Some poor people get what they deserve when they refuse to get a higher education,or live paycheck to paycheck without ever saving any money when emergencies arise.
Read the fine print
You will be paying them back more money than they will give you.
Not all companies are scams…I know a good one!!!
google = resourcecash1hour
We have bad credit and got a loan with fastcashvegas com without any problems, but they actually link to installment loans which for us was better than most payday loans
What program are you drawing with? Thx
no good music
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i wanna my own pay day loans company, ive already started, but i dont feel like i’m making much, i charge 25 for every hundred, if your borrowing below 500.. and 35 if its over 500..
I like this video. It is a lot cleaner looking than the others. Thanks for improving the video quality.
@PsychoticusRex Yea, but Payday Loan centers won’t kill you and (hopefully) are on the right side of the law.
@StarSeeker5000 Can’t they just check the paystub to see who’s name is on it?
The 33,000% is only if nobody defaults. I’m sure the default rate on these loans is quite high. Not to say these businesses don’t make a lot of money.
Another issue is that these places loan real CASH, as opposed to bank credit. So they can only lend capital they have on hand, as opposed to 10 times as much.
Rule of thumb: It’s usually a lot easier to just scale back than to rely on payday loans: eat cheaper, move to a cheaper place, work an extra job, sell stuff, basically exhaust EVERYTHING before you even think about the words “payday loan”. Trust me, I’ve done all 4 of those and they don’t trap you.
Remember, Payday loans pop up around colleges, universities and army bases where those living on minimal incomes and leveraged debt can be taken advantage of. You would LITERALLY be better going with the Mob. I’ve never heard of even the Hells Angels charging more than 70% interest. So, lesson, organized crime syndicates are more honest than Payday loans.
Somebody used my name and address to take out a payday loan, however they made a tiny mistake with my details. payday loan STILL gave them the loan and then wanted ME to pay it back.
LOL
I had to contact the FSA to get them off my back.
LISTEN PEOPLE – STAY THE HELL AWAY FROM PAYDAY LOANS. THEY THRIVE ON OTHER PEOPLES SUFFERING. FACT.
borrowing is evil
stay away from payday loans.
With ~some~ (substantial) editing, this COULD be one of your VISA sponsored series, or support for whatever political entity wanted to oppose payday loans in their state or city.