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Thread: John Oliver Explains How Payday Loans Will Keep Screwing You Forever

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    #DeSantis2024 Teh One Who Knocks's Avatar
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    Notice John Oliver Explains How Payday Loans Will Keep Screwing You Forever


  2. The Following 3 Users Say Thank You to Teh One Who Knocks For This Useful Post:

    lost in melb. (08-12-2014), Noilly Pratt (08-11-2014), RBP (08-12-2014)

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    Forever Alone! Loser's Avatar
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    It's pretty much common sense that if you borrow against your paycheck, you're digging a hole you'll never get out of.

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    murder my ass..shove it up my ass....both are beautiful terms of endearment

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    Mr Magoo RBP's Avatar
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    Quote Originally Posted by Loser View Post
    It's pretty much common sense that if you borrow against your paycheck, you're digging a hole you'll never get out of.
    That's why loan sharks used to be illegal. And scalpers for that matter.
    I wanted to be a Monk, but I never got the chants.

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    Shelter Dweller lost in melb.'s Avatar
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    Man, the corruption from 7:50 onwards...

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    Mr Magoo RBP's Avatar
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    Quote Originally Posted by lost in melb. View Post
    Man, the corruption from 7:50 onwards...
    I wanted to be a Monk, but I never got the chants.

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    #DeSantis2024 Teh One Who Knocks's Avatar
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    Quote Originally Posted by RBP View Post
    That's why loan sharks used to be illegal. And scalpers for that matter.
    Scalpers as in ticket scalpers? Why would they be lumped in with loan sharking?

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    Mr Magoo RBP's Avatar
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    Quote Originally Posted by Teh One Who Knocks View Post
    Scalpers as in ticket scalpers? Why would they be lumped in with loan sharking?
    Just noting another formerly illegal activity that is now big business.
    I wanted to be a Monk, but I never got the chants.

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    #DeSantis2024 Teh One Who Knocks's Avatar
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    Ah, gotcha, thought you were equating the two to both be predatory lending.

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    Mr Magoo RBP's Avatar
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    Quote Originally Posted by Teh One Who Knocks View Post
    Ah, gotcha, thought you were equating the two to both be predatory lending.
    No, but at least the ticket scalpers aren't ruining lives in most cases.

    I have absolutely no idea why we allow financial predators (yes, wall street, that includes you) to devastate people with zero repercussions. It's unconscionable.

    Feel free to track back... I admit my opinion on this has changed. I was in the "read your mortgage, fuckwit" group at the time of the first wave of the collapse. In retrospect, the schemes were so insidious that it should not have been ignored. Same on payday, and same on the credit card companies.

    Oh you didn't hear that one? Wall Street punished credit card companies for lower revenues last year. To make it up they have flooded the market with, yes, subprime credit offers. Sweet. Here we go again.
    I wanted to be a Monk, but I never got the chants.

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