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, 1 reply, 11 years ago)

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)