GET Payday Lenders GONE from SC!!!!?
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i have seen people get stuck in those situations for months at a time
such a waste of money
GET Payday Lenders GONE from SC!!!!?I think there are measures being taken to have them better regulated. At least in Virginia and Alabama, there have been reforms.
People have the freedom to do what they wish with their money. If they want to risk debt, then they can. They know the consequences.
GET Payday Lenders GONE from SC!!!!?Try your congressman, Governor, city council person or anyone who will listen. I think those places charge interest well above the federal limit. Try the SC banking dept. too. Those places are rip-offs and should be shut down.
GET Payday Lenders GONE from SC!!!!?They are a business meeting a need and making money by doing so. Should people live beyond their means? Of course not. Do they? Yes. There is also the "Buy here pay here" car lot that preys on the same class of people, but the answer is to better educate the consumer and then there would be no need for such schemes that lead to a downhill spiral for most people.
GET Payday Lenders GONE from SC!!!!?These leaches are a nationwide problem, and I too know of friends who have gotten into a cycle of usury with these things.
The bad side of this is, who do these lenders get their funding from ? That's right, major banking concerns,...and those folks have the power to defend the payday lenders against any government intervention.
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