How People Get Payday Loans With No Intention of Repaying

I report on how some customers of payday loan stores go about getting loans they never intend on paying back. I do not condone the actions of these customers. This video is for educational purposes only.

Category:

Howto & Style

Tags:

• Arizona
• payday
• loan
• bank
• cash
• check
• fraud
• how to

[skilz2bseen007]

I'm glad payday are being ripped off because they are intentionally robbing hurting people with 300+ interest rate.

[paydayloanpro]

Actually the payday loan companies factor into their profit margin the fact some customers will never repay their loan. The interest rates are closer to 455% if you take a loan out and just pay the interest for one year. For example, if you take out a $500 loan the interest payment due in two weeks time could be up to $87.50. that comes out to $2275 in interest alone at the end of one year, not including repaying the $500 originally borrowed. Payday loan companies are still making mega cash

[Bigchinapl]

O Bama has 49% in pay Day scam

[FortNikitaBullion]

I want to rip them off.

[3089280288]

Mafia has competion now.

[mechanicalr]

Yeah selling them to 3rd party agencies is a GREAT idea. You guys are the reason why we got people calling threatening to take us to jail or to court. Which isn't legal to do by the Fair Credit Act or whatever it's called. I understand what you're doing and it's your job, no disrespect towards you. But you guys are really relentless.

[JesseusM]

fuck ya love stealing love this guy gonna rip them all off