Payday loans and banks? I like this! It’s worth watching no matter how you feel about banks, the payday loan industry, making money…The financial numbers quoted in this video are a bit skewed, a little dated and are meant as an attack on banks and the payday loan industry but check it out and leave a comment.
I have a payday loan business and banks do not fund my business. Where does a person go when they can not get money from anyone; not even their family because of bad credit. I guess if we were gone (payday lenders) they will go you YOUR home and steal your property
….did you know that over 50% of the loans are from people spending their check on video poker machines and casinos….
………now that is the true problem…but the government takes a large percentage of that….and did you ever have a TAX PENALTY …..that is worse than loan sharking!
Problem is, as I watched it, it sure seemed like a great commercial for NOT going to pay day loan vender and instead going to the bank. Hell why doesn’t congress make this a public service announcement? The sheep will eat it up.
INTERESTING! I thought the banks considered us strictly as competition. Now I realize they fund the big payday loan operations AND create competing products!
LOVE the way this group attacked us! Funny yet informative. I still won’t make a contribution :o)