The Soapbox

WahooMatt05

Joined: 08/30/2013 Posts: 26093
Likes: 48254


The wide lending pool should help absorb the costs of failure


Better than charging people double or triple digit interest rates for those who can least afford it. Payday lending is a scam, and every educated person knows it. Why don't we try and come up with a reasonable solution to help people avoid that trap? This seems like a good idea to try to do that.

(In response to this post by TpkeHoo)

Posted: 04/25/2018 at 1:26PM



+0

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Current Thread:
  Great idea, but not new. First established in 1910. -- DanTheFan 04/25/2018 3:58PM
  Good spot for Obama-Phone distribution as well :>) ** -- Tuckahokie 04/25/2018 2:50PM
  That ... doesn't sound like a good idea -- Beerman 04/25/2018 1:55PM
  Bad business model -- Stimp 04/25/2018 1:42PM
  Payday lending is designed for high risk borrowers though. -- hoolstoptheheels 04/25/2018 2:20PM
  Yeah, I'm sure that's true. ** -- hoolstoptheheels 04/25/2018 2:48PM
  No -- Stimp 04/25/2018 2:40PM
  Ahh. And it's up to the borrower to pay? Nevermind. ** -- hoolstoptheheels 04/25/2018 2:47PM
  Something for poor people only? ** -- Charleston Cav 04/25/2018 1:31PM
  Not sure. Possibly anyone needing less than $1k. -- WahooMatt05 04/25/2018 1:45PM

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