Payday Loans Scrutinized

[emmanuel43]

avoid loan sharks if you can.

[WUexp]

Westernunionhack.blogspot.com <===

[sophiemilesable]

I think payday loans can be abused by some people if they do not know what they are getting into .. I have used payday loans twice in the past year due to boiler and car problems and the bank would not help me out ... In my honest opinion before you sign up you should speak to the lender first to check you can afford it ...I used this company before i think this is their freephone number (0800 193 1203)

[PaydayMan71]

Payday loans can help out somebody in a jam. That's what there meant for. When you have nowhere else to turn and needs emergency funds fast. I think the fees in the short term are very reasonable but the APR is high.

The government should take action so the fees are still reasonable in the short term but the APR is capped to a fair amount for both parties. Regardless if the loans are paid back on time the fees aren't bad considering theyre a last option and fill a need that nobody else does.

[anaxichex]

This is silly. Payday lending is pretty above-board, from what I've seen. Expensive but not overtly evil.

Look what happened in Georgia. They outlaw high interest loans, and title loans take over. You default, they take your car. Now that is evil.

[victormo1508]

Holla! Have you ever tried bee 4 biz (do a google search)? it is a link locker that pays every time someone does your survey and unblocks your locked link. A sister of mine earns tons money with them just asking everyone to do surveys.

[Hawaiirealtalk]

Lol, Now some indian with western sky financial wants us to take out payday loans in addition to losing our federal and state rights because its on a native American reservation. Fucking indians.

[whotaughtyou]

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[PGMEagle]

I know times are tough and hard but for god stake stay away from these theives.

[4afriend7]

@PGMEagle man you are totally right ! here in mexico we call the casas de empeño SAME SHIT !

[ccbs82]

I once fell into that trap, and that's exactly what it's meant to be, a trap. People have to be willing to make small sacrifices in order to avoid these type of traps. These loans are meant to get you further in debt, not help you out of debt. If your car breaks down, find a temporary means of getting around if you can without a car. Walk, catch the bus, or find someone willing to help you out with transportation until your next pay check.

[MissBinkyMarie]

Please. Americans, not American's.

[TroySundt]

This is incredibly one sided.. they make the 400% apr seem horrible because they say "400% A YEAR!!!" ok except its 400% for 14 days or even 30 days and it turns out to be a fee and I don't know about you guys but i'd rather pay $16 for a $100 loan than pay $35 for an accidental overdraft. Why can't we exploit Wells Fargo and Bank of America, the real thieves who charge huge fees for small accidents.

[Shukria123]

freedom is a wonderful thing

but these changing winds can blow cold and hostile...

[esif22]

To get started with your payday loan, complete our online application and within minutes our representatives will begin to review your information and inform you of your approval status.

[Doughball222]

Let me tell you something because I know it first-hand. A majority of these payday lenders are seedy, corrupt bottom-feeders. Take W. Allan Jones, owner of Jones Management and Check Into Cash. A known and quoted racist, W. Allan Jones' payday lending company, Check Into cash, preys on the working poor and minorities. What's worse, Bank of America and Wachovia are responsible for funding Check Into Cash and W. Allan Jones! Thanks to Senator Corker for accepting money to lobby for them!

[cashloanme]

Hey Look! When you need cash than try getting one at cashloan.me and if you don't like what they offer you google cash loan and search for others. Its really that easy. Oh, and don't borrow so much dang money but I mean what are you going to do if you need the money? does the video say who else is going to loan you?

[MrPaydayloanonline]

Fast Cash Advance

Cash Deposited In Your Bank Acct. We Are The Lender. Apply Today!

[ekocentric]

Has anyone noticed how many entertainers that we have trusted and paid to see will endorse companies like this knowing that someone was going to suffer from these high interest loans.

....Seems that they should understand more than anyone else how it feels to have people targeting them for their hard earned money?

[fastloans77]

how to get a quick loan in usa online?

[ekocentric]

@fastloans77 You can find the bottom feeders online.

[jolensahib45]

toll_gëbt_mal_béÌ_gÔõglË:_geld­easy_éÌÑ_vøll_krâss

[acres90]

i think people who run these are crooked as hell but i in now way think it is the job of the goverment to "protect" us from them......how about RESPOSIBILITY?.....oh yeah outdated concept

[ekocentric]

@acres90 What about the customers (rubes) who seem addicted to going to these loan companies? It becomes a merry go round for them.

[acres90]

@ekocentric its callled "personal resposability"

[ekocentric]

@acres90 They do ask that a customer be careful as to the amount that they borrow.

I can see where it can become addictive but the people at Payday obviously knows that someone who comes back for multiple loans aren't neccessarily the best people to give the loan to in the first place.

I agree about the responsibility but if they had it they wouldn't be addicted to borrowing.

[MNU1978]

When you live paycheck to paycheck that means you need to STOP buying beer. STOP going out every weekend. STOP going to Mexico with your buddies. STOP eating out. STOP going to the movies. STOP wasting money and LEARN TO LIVE WITHIN YOUR MEANS.

[acres90]

@MNU1978 u my friend are living in an outdated cooncept

[MNU1978]

@acres90 Oh really? Everyone wants to blame the "evil" industry for their financial problems. If people took the time to read the fine print that SPECIFICALLY states that these types of loans are "short term only" etc...then maybe they wouldn't be in a mess. Sorry; but when you sign a contract; IT IS YOUR FUCKING RESPONSIBILITY to read the fucking thing and know whats inside it.

Sorry, but be more responsible. Dumb inbred shits!

[ekocentric]

@MNU1978 You are so right. We have become a society of papers not hand shakes.

We are adults and should be responsible for ourselves.

[ajuk1]

She could afford food though.

[waverly2468]

Oprah is partly responsible for people being in debt. She told kids to go to college without warning them about student loans--they are just as bad as payday loans. And then she pushed that flam-flam book "The Secret" on her show. That book doesn't exactly encourage people to be careful with their finances.

[dekidd007]

It's easy to say that you would go without electricity and water until the day comes. When people need money, they need money. Where do they go? Well, the mafia has always been around and offers a solution. So much money and double the interest of payday lenders, and if you don't pay, they break your legs.

[mortgagecalculator22]

Payday loans can be useful if Managed correctly

[bikemtn]

Eat Rice and Beans and wait until pay day, if you don't have gas to go to work, Sell your TV, sell your PC, don't pay your cell phone bills, sell your BluRay Player, sell your XBOX 360 wait...you probably got that at Rent a Center, okay, then sell Gold rings, stop smoking tabacco, sell your LCD TV, sell car speakers, sell everything that you bought because that's the reason why you're in debt. and also, use Condoms!!! do not have any more kids! I only have one, that's all I can afford

[camboy1132]

if you borrow from 2 different pay day loans. 255 x 2 different places 50 interest times 2 = 100 . if you do this every month you pay 1200 interest a year. how do you brake that Cycle.I was thinking of borrowing 100 less each month. but what happens if I slip ouch. they charge 400% interest. I wish there was cap laws in California on how much they could charge in interest.I feel they are trying to take advantage of us. Visa Charges 25% to 40% interest.cash advance charges 400%,CA has no rules

[errbarkkill]

Cashnet.com is a good one but I fucked up when I didn't pay them. But it's cool cause I'm paying them off in two payments.

[pureperil]

usury laws anyone? not sure if it applies here though.

[MsExoticBliss]

Eat less shop less to pay off the pay day loans. I know someone that pulled these loans and instead of not shopping for a month to pay them off she kept getting more loans.

[pep1player]

People choose whether to get these loans or not. You don't have to.

[Gothchick208]

I'd rather bounce a check, live without electricity and water.

I'd rather live with my ex-BF and his loser of a GF in their single room trash can, than get a PAYDAY LOAN.

[methodize808]

@Gothchick208 ur stupid. I rather get a payday loan just to have water and electricity, live wth my ex bf and his loser g/f.

[Gothchick208]

@methodize808 your loss...

[romeo322ad]

I heard about SCAM like these man... it is sad. but i heard about this loan leader

low interest rate. these guys made over 1.000.000 loans with a great customer base

1-888-854-3551 them and listen to their loan rates! No credit is turned away!

[MikeWithBigTube]

NEVERMIND $20 PER HUNDRED!!!! sshhhiitttt!!!!!

[MikeWithBigTube]

i need a $3000 cash loan, im 19, got a steady job and no credit. i looked online at some websites but not sure about signing up for anything till i know what to expect and make sure my information doesnt get passed around without knowing it. can someone help me?

[romeo322ad]

@MikeWithBigTube hey call these guys 1-888-854-3551 central time 8am-8pm

they will make the loan man!

[thetbomb]

I work for one of these companies is Canada and yes, it is sleazy...but it's the morons who come in there's choice. Why don't they have credit cards to buy these short term things they need? Cause they ruined their credit already...they brought this shit on themselves... these's always been money to be made off stupidity. I feel dirty...but no one's holding a gun to their head.

[invisiblekid2100x2]

@thetbomb No one may be holding a gun to their head, but people do threaten them by kicking them out, shutting off utilities, suing them, repossessing things, ect. I HATE the mentality of "well it's their own dumb fault for getting a loan." or the whole "they fucked up their credit, so now they have to deal with it". People make mistakes, and it's usually in hindsight that you realize it. Then again, what about things like doctor bills that rack up easily if you're sick?

[brian8793]

Everybody wants the government to hold their hand. Demcorats won't be happy until the Government forms a committee to WIPE THEIR ASS

[laetrille]

If you use them respinsibly they can be helpful, they give you three extensions. A smart person who borrows 300 with a total of 350 interest will pay the loan off then reborrow 250, pay that then pay 250 and reborrow 200 until the debt is gone. It seems like alot of money in interest but time is money and you will have a long time to pay it off. Unfortunately most people are not smart enough to do this.

[romeo322ad]

@laetrille true i noticed that but it was better for her then because she had no help ! AS she thought?

[invisiblekid2100x2]

@laetrille Some people can't afford that the extra $100 to pay off and re borrow on the first due date. If I remember right, a $300 loan has payments of about $105-$110 each. In my state, you're allowed 4 extensions. That's $420-$440 in interest alone. Not to mention the original $300 you have to pay back at the end of the extension. In all you end up paying $720-$740 for a loan of $300.

[bigbuttwhocares]

i'm a worker bee for the PayDay Loans and lemme tell ya. they are trashgarbage slobs.

[akerspsych]

what SHE says was 1500%--- yea right...

[romeo322ad]

@akerspsych true! 1500 cash man!

[myacenetwork]

best cash loan lender in the uk midlandcash-com

[romeo322ad]

@myacenetwork not really i these guys help my site members even with very low credit just call them to hear 1888-854-3551

[masticina]

Geeh loans with 400% interrest.. I don't see anything that can go wrong.

[dsteitz1]

If you have been turned down for a payday loan, or are looking for a great place to get one, try 1-877-271-2850.

[royg6852]

I don't know about everyone elses experiences but we got $300 from cashloancity com and had it paid back after one extension. My wife and I couldn't have been more pleased with the site.

[TheGrassrootsallianc]

watch my video and let me know what you think.

[PhailWynn]

this is financial slavery. I've started working on a short documentary about these places and their victims with that truth in mind.

[PhailWynn]

and this payday loan bimbo? The stupid looking blond? "A small percentage" my ass.. I know four people who have had to declare bankruptcy because of these places. And it was, in fact COMPLETELY due to their relationships with payday lenders. They were living on nothing at the end. Absolutely nothing. And still couldn't pay rent because those bastards worked it so their "payback" came out at the same time rent did.. thus making it necessary to borrow more.

Bimbos shouldn't be allowed on tv.

[NAVRATNA11]

payday loans are just mega expensive debt wrapped up in candy floss...i say don't get one unless you have a death-wish!!

[jesseakers]

what she says was 1500- lets see the proof of that... its the interest on the loan... well duh! Payday loans are meant to be paid THE NEXT PAYDAY- not a year later--- maybe we should just give irresponsible people money-that would fix everything... just print more money, thats it!

[PaintPissOrCabaret]

Yes payday loans are evil and prey on the most vulnerable members of society. Even so, 400% is not so bad. Here in the UK thethe payday loan interest rates are between 2000% and 4000%. It's not against the law but it should be!

[NAVRATNA11]

@PaintPissOrCabaret Thank You, you are so right, they are evil because they make it so easy to get quick cash and charge piss-taking amounts of interest...i may very well be one of the next statistics facing bankruptcy as a result of using them!!

[mypaydayanyday]

figure out your interest rate for the first year of a 30 year mortgage. Ask your bank for a list of their fees. Payday loans can cost you money just like anything else you borrow against. Here is a tip don't borrow money in any fashion. I am a lender and we don't loan to people who don't have the ability to pay the money back. After I pay all of my bills to run the company I don't make anything close to 400%, that is such a lie.

[luvs2teach00]

Payday loans benefit people who get paid monthly. You have to wean yourself off them and that is what I am doing. I believe that the government should regulate the interest of payday loaners. People will call that socialism, but it is better to do that then to take advantage of low income middle class people. School systems, parents, communities, and our federal government need to take a class in economic and financial literacy.

[thesouthrapsucks]

fuck a payday loan

[HowlinJay]

I work for a "Payday Loan" office...they're fucking evil. Trust me.

The company I work for treats their employees like shit, and they don't give a goddamn about the customer.

[nikefan1985]

@HowlinJay I work for a payday loan company myself and get treated like shit. I got trained to do things I thought I was suppose to and all of a sudden my manager has done nothing but treated me like shit telling me everything I'm doing is "wrong".

[vaguy78]

The gentleman at :42 appears to be retrieving a rifle and box of ammo from the back of his truck. Perhaps he is attempting to settle his debts in a non-traditional manner?

[aclemons1004]

I would never make a deal with the payday devil again. Credit Unions (especially State) offer a much better salary loan advance if your in need of money...for me it works so much better and intrest is much lower and the best part is the intrest taken goes into a separate savings account.

[SAXORXIII]

how would you that legaly?

[makkbra]

payday payday payday payday espece de payday :noel:

[lonsdalienoeliste]

ahaahh payday in french mean: homosexual

ahahaha

pédé xD

[tube23k]

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.

[vegaswolf]

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.

[skittlesgirl21]

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!!

[iren86]

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

[tube23k]

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

[royg6852]

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?

[shevah2]

@royg6852 its not about being responsible. inflation is driving up the cost of living and wages cannot keep up in this economy. do some research before thinking everyone is a goverment suupported octomom

[malletdiva02]

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

[ClamTaco]

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

[redradiodog]

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

[cm275]

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