Skip to main content

View Diary: Adventures in unemployment: F-ing with a predatory lender (24 comments)

Comment Preferences

  •  Re (0+ / 0-)
    Some states have legislated capping the rates. Predatory lenders have successfully opposed that kind of legislation in other states.
    Yup, cap the rates.

    Then, the payday lender says "I'm not lending to this person at 10% or whatever, it isn't worth it, I'm just going to close up shop".

    And the person doesn't get a loan at all.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri Sep 07, 2012 at 01:12:59 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site