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"Payday Loans",...and ways to take advantage of po folks...

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News story on these usurious businesses, much worse than traditional pawn shops, located exclusively in areas where the poor live, got me a blogggin'---AGAIN. Interest rates on these unsecured cash short term loans, would make the worst mafia loan sharks jealous, and they are legal. Well, for now at least, and there's a ban on their loaning to active US military personnel. We hear of a young lady, single mom, who borrowed under USD 200, and over 6 months, at around 200% interest, paid back over a thousand. As with the lottos, if not played frugally, and cigarettes, the poor take it again up the back side. And government wastes time on the fake coup.
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