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

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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