Predatory lending

  • Posted by Brian
  • August 6, 2007

On the heels of Jerid’s post about his mother getting a payday loan to buy him a gift, The Chief Source (along with The Keeler Report) did a little original work looking at payday loan outfits. The video is good.

And check out the loan rate table (posted on the wall, unavailable to take home from the center).

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August 6th, 2007
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Comment Number:
1
Written by:
Eric
Posted on:
August 6, 2007 at 9:05 am

Free market ho! Saddle up and ride bitches!

Yeeeehaaaaaaaaaaa

Comment Number:
2
Written by:
Kyle Kutuchief
Posted on:
August 6, 2007 at 10:08 am

I wasn’t kidding when I said in the video that the only copy of the rate sheet available for customers was in a frame and bolted to the wall. They had no copies of it available in the store. The only printed materials were two pamphlets which were marketing pieces and did little to explain anything.

Thanks for the link.