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-   -   The Predatory Lending Association (http://www.clubcobra.com/forums/lounge/83848-predatory-lending-association.html)

Roscoe 11-15-2007 08:01 AM

The Predatory Lending Association
 
The Predatory Lending Association (PLA) is dedicated to extracting maximum profit from the working poor by increasing payday loan fees and debt traps. The working poor is an exciting, fast growing demographic that includes: military personnel, most minorities, and a growing percentage of the middle class.

http://www.predatorylendingassociation.com/

Ron61 11-15-2007 08:11 AM

%/

And as the super rich get richer the working poor as they are called will increase.

Ron :rolleyes:

392cobra 11-15-2007 08:21 AM

Quote:

Originally Posted by Roscoe
The Predatory Lending Association (PLA) is dedicated to extracting maximum profit from the working poor by increasing payday loan fees and debt traps.

As Ron White says - "You can't fix stupid"

cobra de capell 11-15-2007 09:44 AM

Quote:

Originally Posted by Roscoe
The Predatory Lending Association (PLA) is dedicated to extracting maximum profit from the working poor by increasing payday loan fees and debt traps. The working poor is an exciting, fast growing demographic that includes: military personnel, most minorities, and a growing percentage of the middle class.

http://www.predatorylendingassociation.com/

Hmmmmm......interesting. But, it's doubtful that any of those who use payday lenders will go to the site for a lesson in what not to do. We have a payday lender two doors down from us and one a block away - seems like they are busy all the time. I suppose it's better than using a loan shark. On the other hand, when your life is half way in the toilet, your options are also in the toilet. The interesting part is that regular financial institutions have had programs to assist this group of people, but generally the group wants to do whatever it is they are doing in their life, over and over again - stuff that keeps them in the toilet - with a few exceptions.

Wes Tausend 11-15-2007 10:00 AM

...

One of the guys I just went hunting with hocked his 300 Winchester Mag since he lives paycheck to nearly paycheck. His wife tipped me off because she knew what her .243 Browning A-Bolt was worth because he had told her what he could get for it. She wisely keeps her rifle at her fathers house.

He couldn't get the 300 out of hock so he used his .50 black powder rifle. Ran across a nice buck but missed the shot. Coulda had instant hamburger (deerburger?) considering the size of his prefered murder weapons. :LOL:

I think Fred's right. :)


...

imagine2frolic 11-15-2007 11:20 AM

Fred is very right, and stupid should HURT!

mploans 11-15-2007 07:59 PM

Reminds me of a great bumper sticker I once saw:

"Stupid People Shouldn't Breed!"


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