These commercials are upsetting. These loan sharks are hurting so many Americans, the ones who need most help. I really hope President Obama takes a long look at our credit, banking and loans and sees that these blood-suckers are responsible for a lot of woes suffered by Americans. Of course, blame always goes to the people, it is their fault, not the sharks'. Do you agree?
Why is PayDay Loans advertising on CNN?
Pay day loan outfits take advantage of folks who are desperate and make huge profits from them. Many states do not allow such companies to operate and the folks who need short-term money in those states seem to do all right. It is up to citizens to contact their state legislators to demand that the legislators outlaw these companies.There is such a movement here in Arizona. Many, including me, hate these %26quot;blood-suckers.%26quot;
Perhaps President Obama will encourage states to take a hard look at this industry.
Why is PayDay Loans advertising on CNN?
I agree with one thing you have stated, that we do have a problem, however, stating that President Obama will take care of it....... Longshot... the Obama part was the longshot, hopefully he won't be in office, anyway, Payday Loans advertising on TV is ridiculous, however it is legal, and it does stink that people have to resort to it due to the economy, what's even sadder is the interest on the loans...... Maybe another time we can debate the President Obama thing.
Why is PayDay Loans advertising on CNN?
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it's sad that they prey on folks who are already in a financial bond; charge then outrageous interest and fee's but they can get away with it because they are not doing anything illegal
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