Archived HOW PAYDAY LOANS OF $2,500 LEFT A KANSAS CITY MAN $50,000 IN DEBT (freeformthreads.com)
submitted ago by axedbydax
Posted by: axedbydax
Posting time: 4.6 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
Views: 582
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11 upvotes, 5 downvotes (69% upvoted it)
Archived HOW PAYDAY LOANS OF $2,500 LEFT A KANSAS CITY MAN $50,000 IN DEBT (freeformthreads.com)
submitted ago by axedbydax
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[–] daskapitalist 1 point 1 point 2 points (+2|-1) ago
If we banned payday loans, this guy would have starved on the street. Remember that folks turning to payday loans are too risky for other forms of credit (i.e. no lower rate lender would lend to them).
[–] Mediasacorpwhore 1 point 0 points 1 point (+1|-1) ago
Hey whats worse.....taking the money from goldman sachs to feed the guy? or using taxpayer money to bail out goldman sachs?
[–] Broc_Lia 0 points 2 points 2 points (+2|-0) ago
Both confiscating people's savings/pensions and creating moral hazards are equally bad.