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
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Archived on: 2/12/2017 1:51:00 AM
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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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[–] OneNutWonder 2 points -2 points 0 points (+0|-2) ago
Wasn't there a John Oliver episode about these? They seem very bad.
[–] daskapitalist 0 points 1 point 1 point (+1|-0) ago
Bad is subjective. They're bad compared to other credit sources, but if someone has access to other options why would they use them? It's like saying walking five miles to work each day is "bad", but if you don't have transportation it's better to choose the unpleasant option than to have the government ban walking to work.