No they absolutely should not be regulated.
No they absolutely should not be regulated.
there is a risk /reward ratio with everything , i would not want to be in a payday loan business , way too much risk .
no regulation on them .
Thread title does not make sense.
No. Interest is not evil. It serves a critical market function: the price you pay for money now vs later - right now has a price. The idiotic attempt to abolish interest by government has been the single most disastrous collective mental illness to infect the human mind. It isn't any wonder it is an ongoing duty of the government to try and defeat it.
Last edited by awake; 04-20-2012 at 03:28 PM.
Isn't this the same as certain drugs or cigarettes or french fries? We know they're bad but in a free society adults have the right to harm themselves.
Ron Paul: "For those who have asked, I freely confess that Jesus Christ is my personal Savior, and that I seek His guidance in all that I do."
No, If it wasn't for Payday loans there would have been many times in the past my rent wouldn't have been paid or I wouldn't have had money to eat. Sure, they have loan shark interest rates my I also had terrible credit from years of bad money management. I do hate the fact that you see so many Payday loan places in low income areas and I do believe they hunt down uneducated and financially illiterate and desperate people, but banks sure wont lend to those people so we have no choice. At the end of the day a sacrifice will have to be made at some point so it really doesn't matter. Do it now or do it later. I have no problem with them.
I have a very low opinion of payday loan places..along with any business that profits off others misfortune.
They will loan you money at 35%... The local bookies loan shark only charges 30%...
So, I guess if your gonna pay it back.. your better off going through a black market loan shark.
Only difference being that the payday loan place wont brake your legs if you don't pay..
Should they be unregulated? YES. Buyer beware.
For those wondering about the OP in the video I made the case why Payday lenders shouldn't be regulated.
Alex Merced - A Champion of Freedom
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Q: Should PayDay Loans be Regulated?Originally Posted by AlexMerced
A: No.
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Should Thread Titles being edited?
I couldn't resist, and now I will start reading this thread...
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