see them all over Manassas and Woodbridge

I would imagine they give you a small loan with your upcoming paycheck as collateral/securitization. I'm sure the rates are terrible and they prey on people who can't manage their money for shit.

I wonder what mechanism these shops have in place to ensure they get their money come payday. I'm sure most people who use this service aren't exactly worried about their credit scores getting fucked up for not paying back a loan. The office must set up a direct deposit in the amount of the loan (+30% of course) from the borrower's employer before lending any $$$$. Still, why couldn't the borrower just reverse the DD?

Working at one of these places would probably provide for some interesting stories.

I have you now.

How they work is, you get one and then you get raped.

THE END

I would never do that shit. Always heard bad things about them. I don't want to find out for myself. I will make do.



Edited 1 time(s). Last edit at 01/28/2013 03:00PM by Ahmayzin.

These predatory lenders thrive in states without usury laws. The Rent-A-Centers are just as bad; what people pay to rent electronics and furniture could have been saved up and used for actual purchases.

Moron walks in. Takes out a loan with an interest rate that would make the mafia take a second look and wonder why it is so high. Leaves with the premise it will come out of their next check.

395% apr is not too bad.

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Yo job is yo credit.Fool ain't you been seen from ads.

Payday loans are a valuable source of income for many of our most at risk residents. It's crucial that we continue to allow these operations to not only operate, but to prosper in our community. So many people utilize these valuable services to pay their bills each month and continue to thrive despite the conservative oppression that continues from Washington.

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Give me money!! Wrote:
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> see them all over Manassas and Woodbridge

#1 Credit card. Same rate as a loan. DUH DUH DUH.

#2 There is a legal limit to interest they can charge

Over that amount the FEDERAL "loan shark law" kicks in.

Have a nice day.

at least the ones who have jobs

Every loan company takes their maximum effort from their customers.

Customers should sign all the papers with the maximum attention to every clause.

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There are many different articles about loans and credits, for example, this one is good on payday loans online. Don't trust to every company on the Internet, it can be quite risky for you or some of your friends as well. Be careful and good luck!

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