| Rating | Percentage |
| Worthless | 61.54% |
| Helpful | 23.08% |
| I have tears of joy | 0.00% |
| Better than War and Peace | 15.38% |
| Reader Comments |
| perhaps the most misleading collection of words ever assembled. How can you sleep at night? - |
| You know the mob only charges 250% APR...but you guys think 500% is OK. God has a place for usurers. - |
| Junk science - |
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| It is a bad conclusion - |
| when your rent is past-due and the power is getting shut off due to a temporary financial setback and your family won't help you, try going to the bank for that $1,000 dollars and see what happens! I've been helping my customers for 3 years now. I lower their interest with on-time payments, and counsel them to pay extra towards the principal each time to make the debt go away. This way I am here for them the next time they have an emergency. The reason the rates are so high, is some don't pay me back, and I write it off. Supply and demand, along with competition will dictate rates. All of you opinionated commentors should loan your $ to these people for 10% apr and see how long you are in business...until then the payday loan business will be here to help those in a jam. Dave Brunelle, owner - |
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| Usury is a curse on the poor man by the rich man. - |
| Wow ... their methodology is ridiculous. Simply looking at "credit delinquency rates" are a false measure -- most payday lenders don't report to credit agencies. So, yeah, the electric bill may get paid, but after automoatic rollovers, consumers find themselves with $1,000+ of payday loan bills. Shame on the fed. - |
| What kind of morons are running the Federal Reserve? - |
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| Loans that charge the equivalent of 200% interest or more and don't allow partial repayment are not predatory?? I think he is playing around with defintions here. - |