Not that will lend money to those shitcunts.

(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 13:51, 1 reply, 11 years ago)

yes there are

(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 13:53, Reply)

Credit Unions and the like? They won't lend to really low wage workers
and the unemployed.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 13:55, Reply)

depends
Some will. There are also lenders which sell money rather than charge interest. That's more responsible; missed payments don't cause the debt to snowball. If it's face to face collections as well then it's much easier to manage repayment plans if someone does get into difficulty.
(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 13:57, Reply)

I'll bet that unemployed Tracey who is borrowing money
to pay the catalogue and get some fags would fail to see the distinction.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 14:04, Reply)

as long as the debt is paid back then it's immaterial what the original loan was spent on.

(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 14:21, Reply)

Personally, the distinction is between making money off people that are financially aware enough
to be making decisions like that sensibly versus going after people that have proven themselves incompetent at life in general and money in particular in order to squeeze the last bit of solvency out of them.

Payday loan companies are saying that if you pay the loan back on time the APR is meaningless and so it is. However, they're going into business betting that the people they're lending to won't be paying it back. Other institutions are betting that you will.

Perhaps that's overly simplistic, but I'm not an accountant.
( Kroney, Wed 30 Oct 2013, 14:31, Reply)

This is not what it is supposed to be like but is the reality.
It is also how the lenders make it very lucrative.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 14:33, Reply)

See? I've totes got a head for Big Business, stunnz.
Gizza job.
( Kroney, Wed 30 Oct 2013, 14:39, Reply)