"Payday Loan Song"
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Uploaded by erichvieth1 on May 30, 2011
"Payday Loan Song," composed and performed by Erich Vieth, who blogs at www.dangerousintersection.org and who practices law as a consumer lawyer at the Simon Law Firm in St. Louis Missouri. Copyright 2011 Erich Vieth.
Payday Loan Blues
Looking out my window, wondrin' how it all came to this
The constant phone calls, the nasty letters all give me stress
I took out a little payday loan, just to pay my doctor bills.
At four hundred percent interest, this crushing loan is making me ill.
The lady at the payday store, she flashed me a big smile and she said
A payday loan will help you. It will solve your money problems, she said.
Every two weeks I go back, trying to pay it off, but there's no way.
Now I'm a lifetime debtor cause I signed up at the land of payday.
--
They hand money just like candy, and tell you "take a loan on a lark"
But now I'm broke and hopeless, cause my lender's a modern loan shark.
. . . a modern loan shark.
It goes on and on and on.
[Why do our legislators do this to us?
Hey Someone should put these guys in jail.]
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