@Snappy's comment on 'Idiot takes out a high interest loan he couldnt pay back immediately. Nearly 300% in interest later, it's everyone else's fault.'

Idiot takes out a high interest loan he couldnt pay back immediately. Nearly 300% in interest later, it's everyone else's fault.

https://old.reddit.com/r/povertyfinance/comments/1480x70/after_9_months_im_finally_free_fuck_payday_loans

Don't blame payday loan businesses. They provide a service to folks who need money with bad or no credit. The interest rates are so high because the default rate is high. Otherwise, they would not be able to stay in business. It's simple math. You should actually thank them for taking a risk on you and loaning you money in your time of need. Congrats on being responsible and paying off your debts!

The correct finance take is downmarseyd. I guess Redditors would rather this guy not be able to get money when he needed it.

And who's fault is it that they have horrible credit again? Not the pay day loan people.

In America? So many reason: medical debt, being in the foster system, minor crimes like shoplifting as a teen, being gay (ie your parents make you homeless), disability, a fire, your landlord ups the rent by 50% or more, your employer decides to fire you, ohh so many reasons.

Instead of being judgmental, you may want to show some empathy and compassion for those less fortunate. SPECIALLY if you call yourself a Christian.

The seethe is amazing.

It’s horrid. Places like that, payday loans/advances and rent to own businesses are nothing short of predatory. You only ever see them near poverty stricken areas of town. They just want to make your life worse

Well im not debating that they are not predatory.

But like do you think rich people need loans to buy basic items like furniture?

The shady stores don't stand a chance there because they would laugh and then buy something that costs more than 3 of the shitty rent to buy furniture sets that have probably been repossessed twice before you got it.

So close to getting the point. So close. Just because someone is poor doesn’t mean that it’s ok to target them with your predatory shit, and it certainly doesn’t mean that these businesses even vaguely belong in working class communities.

Completely misread the point and smugposts about it.

That's all the effort you are getting out of me. So many people there with poor financial decisions.

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1yr ago #4342619

I went to the Starbucks at the Camino Real Marketplace by myself, like I usually did every morning. I ordered my coffee and sat down on one of their chairs to relax. A few moments later, when I looked up from my drink, I saw a young couple standing in line. The two of them were kissing passionately. The boy looked like an obnoxious punk; he was tall and wore baggy pants. The girl was a pretty blonde! They looked like they were in the throes of passionate sexual attraction to each other, rubbing their bodies together and tongue kissing in front of everyone. I was absolutely livid with envious hatred. When they left the store I followed them to their car and splashed my coffee all over them. The boy yelled at me and I quickly ran away in fear. I was panicking as I got into my car and drove off, shaking with rage-fueled excitement. I drove all the way to the Vons at the Fairview Plaza and spent three hours in my car trying to contain my tumultuous emotions. I had never struck back at my enemies before, and I felt a small sense of spiteful gratification for doing so. I hated them so much. Even though I splashed them with my coffee, he was still the winner. He was going home to have passionate heavenly s*x with his beautiful girlfriend, and I was going home to my lonely room to sleep alone in my lonely bed. I had never felt so miserable and mistreated in my life. I cursed the world for condemning me to such suffering.

Snapshots:

Don't blame payday loan businesses. They provide a service to folks who need money with bad or no credit. The interest rates are so high because the default rate is high. Otherwise, they would not be able to stay in business. It's simple math. You should actually thank them for taking a risk on you and loaning you money in your time of need. Congrats on being responsible and paying off your debts!:

And who's fault is it that they have horrible credit again? Not the pay day loan people.:

Well im not debating that they are not predatory.: