Current Events > That moment when I have 5 payday loans to pay off....

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MAR10_KarT
12/16/17 4:08:21 AM
#1:


fuck my life so bad right now

I hate having no credit cards
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Wishy
12/16/17 4:09:25 AM
#2:


imagine actually using payday loans

what's got you down that rabbit hole buddy?
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Alucard188
12/16/17 4:10:01 AM
#3:


Payday loans are legal loan sharks, except instead of busting your kneecaps, they cripple you with debt. Disgusting practice. I hope you see yourself to better days. >_>
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MAR10_KarT
12/16/17 4:13:12 AM
#4:


Wishy posted...
imagine actually using payday loans

what's got you down that rabbit hole buddy?


having a baby, rent, and too many bills to pay

Alucard188 posted...
Payday loans are legal loan sharks, except instead of busting your kneecaps, they cripple you with debt. Disgusting practice. I hope you see yourself to better days. >_>


I sure hope so

life has been hard this year
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ReDaZnDraGoN97
12/16/17 5:01:26 AM
#5:


payday loans are the one of the worst things you can do
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DuneMan
12/16/17 5:12:40 AM
#6:


Alucard188 posted...
Payday loans are legal loan sharks

Shoot, even the illegal loan sharks before payday loans were a thing hesitated to charge 1,000% interest.
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MAR10_KarT
12/16/17 8:34:51 AM
#7:



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Fizaga
12/16/17 8:35:50 AM
#8:


You should probably avoid credit and absolutely avoid payday loans, they're bad news.
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Wolf_J_Flywheel
12/16/17 9:48:42 AM
#9:


I don't understand anyone thinking it's a good idea to get a loan that has an insane interest rate like that. Like if you were hurting for $1,000, you know you're not disciplined enough with money get out of that debt. Go mow yards and clean gutters after work for a few weeks.
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Fizaga
12/16/17 9:55:13 AM
#10:


Wolf_J_Flywheel posted...
I don't understand anyone thinking it's a good idea to get a loan that has an insane interest rate like that. Like if you were hurting for $1,000, you know you're not disciplined enough with money get out of that debt. Go mow yards and clean gutters after work for a few weeks.


Desperation and few options. Life can be tough, and odd jobs don't always make a lot of difference, they can be pissing in the ocean. This makes credit attractive.

It's a bad idea to take payday loans though, if you're struggling and don't have many options then they will make matters worse and financial hardship longer term, any credit will.

It's better to scale everything back, wipe anything that isn't essential out, try to make more money. Get yourself on your feet.

If there are debts then talk to companies you owe money to, most businesses will treat "can't pay" and "won't pay" very differently and will give you room to get yourself on track.
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MAR10_KarT
12/17/17 9:25:44 AM
#11:


sadly I was desperate because im not able to get loans anywhere and I have no credit cards

and I have a family to support and rent to pay

ugh digging myself out of this situation is even harder....
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REMercsChamp
12/17/17 9:27:37 AM
#12:


Time to declare bankruptcy it sounds like
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#13
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MAR10_KarT
12/17/17 9:43:13 AM
#14:


REMercsChamp posted...
Time to declare bankruptcy it sounds like


not eligible lol

declared it 2 years ago
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ArchiePeck
12/17/17 9:48:59 AM
#15:


What is your employment situation?
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REMercsChamp
12/17/17 9:51:15 AM
#16:


Opening up one of these pay day loan scams seems like a great way to make a living. I'd do it but I'd be worried about some of these guys who are down in the dumps losing it and coming and shooting me or something
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SSMajinVegeta2
12/17/17 9:51:28 AM
#17:


You wont ever get out of your situation until you separate your emotional spending from logically handling each bill. Focus on one thing at a time and call all the people you owe money to see if you can get extensions or even 3 month windows of no payments to use that money on things you have to pay. If you have a car payment defer one or 2 payments.
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DuneMan
12/17/17 10:58:37 AM
#18:


shockthemonkey posted...
Guys I dont think people who use payday loans are doing it because they think its the best option, they just need money and dont have options.

If you have the option, go to one of the payday loan business conventions and listen to the people who run those businesses talk about themselves like they're doing the work of Jesus. It gives you a crystal clear sense of how those businesses operate on a philosophical level.
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REMercsChamp
12/17/17 11:01:24 AM
#19:


DuneMan posted...
shockthemonkey posted...
Guys I dont think people who use payday loans are doing it because they think its the best option, they just need money and dont have options.

If you have the option, go to one of the payday loan business conventions and listen to the people who run those businesses talk about themselves like they're doing the work of Jesus. It gives you a crystal clear sense of how those businesses operate on a philosophical level.

How dare they provide money to people who otherwise wouldn't be able to obtain it to pay for basic things like food and shelter!
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KronoCloud
12/17/17 11:06:31 AM
#20:


REMercsChamp posted...
DuneMan posted...
shockthemonkey posted...
Guys I dont think people who use payday loans are doing it because they think its the best option, they just need money and dont have options.

If you have the option, go to one of the payday loan business conventions and listen to the people who run those businesses talk about themselves like they're doing the work of Jesus. It gives you a crystal clear sense of how those businesses operate on a philosophical level.

How dare they provide money to people who otherwise wouldn't be able to obtain it to pay for basic things like food and shelter!

How dare they take advantage of people in desperate situations!
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DuneMan
12/17/17 11:09:32 AM
#21:


REMercsChamp posted...
How dare they provide money to people who otherwise wouldn't be able to obtain it to pay for basic things like food and shelter!

500-1,000% interest, to prey upon the poor who come across unexpected desperation such as a medical bill or breakdown in transportation to work...
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emblem boy
12/17/17 11:11:18 AM
#22:


Wolf_J_Flywheel posted...
I don't understand anyone thinking it's a good idea to get a loan that has an insane interest rate like that. Like if you were hurting for $1,000, you know you're not disciplined enough with money get out of that debt. Go mow yards and clean gutters after work for a few weeks.


Someone who was in a position desperate enough to need a Payday loan probably doesn't have weeks to make money
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#23
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synth_real
12/17/17 2:54:30 PM
#24:


I used to work with a guy stuck on the payday loan treadmill. He'd get paid every Friday, go to the place to pay off his loan, and then have to take out another one so he could have money that week. The amount of money he must have ended up giving them in the few months I worked with him was stupid, it's pure exploitative usury.
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Hexenherz
12/17/17 2:57:01 PM
#25:


Huh.
Makes me want to make an honest payday loan company with normal interest rates.
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powerman1426
12/17/17 2:59:21 PM
#26:


Hexenherz posted...
Huh.
Makes me want to make an honest payday loan company with normal interest rates.

A pawn shop?
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BewmHedshot
12/17/17 3:00:59 PM
#27:


Hexenherz posted...
Huh.
Makes me want to make an honest payday loan company with normal interest rates.

So, a charity?
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ReDaZnDraGoN97
12/17/17 3:12:36 PM
#28:


Hexenherz posted...
Huh.
Makes me want to make an honest payday loan company with normal interest rates.


sounds like a bank to me

and people who can get loans in banks wouldnt be going to places like cash checkimg stores
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MAR10_KarT
12/17/17 5:39:18 PM
#29:


synth_real posted...
I used to work with a guy stuck on the payday loan treadmill. He'd get paid every Friday, go to the place to pay off his loan, and then have to take out another one so he could have money that week. The amount of money he must have ended up giving them in the few months I worked with him was stupid, it's pure exploitative usury.


I can relate to him

been in the treadmill for about a year now
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Turbam
12/17/17 5:39:56 PM
#30:


Invest in cryptocurrency, my man!
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Damn_Underscore
12/17/17 5:42:58 PM
#31:


I don't know how the owners of these companies live with themselves
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