These places do prey on the ignorant. Most of these customers could not calculate an interest rate or understand one. The most irresponsible thing you can do when you are in a bind is get a payday loan. The 1st step to get out of a hole is to stop digging, not trade your shovel for a bulldozer. Many states have outlawed these loans, but one of our state legislators owns several PDL stores, so that will never happen in TX. With new regs in place, you'll see alot close down b/c of shady practices.
HJ1978 January 8, 2012
at 6:54pm
These places do prey on the ignorant. Most of these customers could not calculate an interest rate or understand one. The most irresponsible thing you can do when you are in a bind is get a payday loan. The 1st step to get out of a hole is to stop digging, not trade your shovel for a bulldozer. Many states have outlawed these loans, but one of our state legislators owns several PDL stores, so that will never happen in TX. With new regs in place, you'll see alot close down b/c of shady practices.