Posted on 02/23/2014 8:22:16 AM PST by Son House
Agreed. And why mess with the pawn operations of the business? The sale staff that gets paid on commission isn’t going to fare so well, especially on computers that are outdated fast.
Hell’s Bells...if they cain’t get no Title Loan or a Payday loan, mebbe they can git one of them Western Sky Indian Casino loans...
Them bucks will loan you $500 straight up, no hokum. You jess gotta pay a $350 loan origination fee (meaning you gotta borrey $850), and then pay that simple interest at 342%.... After 12 easy payments of $150, you’ll have that loan paid right off! boy howdy!
The truth is that these ‘consumer’ loans aren’t that bad because a lot of the borrowers just don’t have the intention of paying anything back.
I know a couple at work that are in management and perpetually broke. Why? Car from JD Byrider, big-screen/computer from Rent-A-Center, occasional payday loan, and a quarter oz of weed—every other day! Asked why they didn’t buy quantity, their answer was: ‘We’re broke’. Go figure...
Yet when some of these people get their income tax refund, they’ll blow every penny on a vacation or trip to a casino instead of saving it for future car repairs, medical expenses, etc.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.