Often used by petty criminals who need a bit of money to make a lot, no sane normal person would go to these though.
Often used by petty criminals who need a bit of money to make a lot, no sane normal person would go to these though.
Got a friend, makes bad financial decisions all the time. Was thinking about getting a car because his was dying and we told him to not get a new car because he was working at a mattress place.
Of course he buys a new car so he owes like $500 each month and he lost his job at the mattress place. I can't make people make good decisions like buying a reasonable used car.
Same guy who refused to get a credit card because he thought it was a bad idea.
Last edited by Gamdwelf; 2016-09-20 at 01:25 AM.
How so? Improbable?
http://www.cnbc.com/2015/07/29/eight...e-in-debt.html
Maybe not all 80% (yes, that's what 8 in 10 means) are in serious debt. All it takes is a little bit of sickness, then the hospitals can take everything you own
Ofcourse, that too is a ridiculous starting point and I'm a fucking commie. I know. Caring for people is a sin.
-=Z=- Satan represents vengeance instead of turning the other cheek! -=Z=-
https://bdsmovement.net/
This is including mortgages. I mean it's still a lot, but having a mortgage is an investment. It's not pure debt. My house is worth 250K but I owe 100K. So technically it's a debt, but I look at is as my investment is at +150K.
To me this is more scary: http://www.huffingtonpost.com/moneyt...b_8136770.html
1/3 of households who make 100K a year live paycheck to paycheck
Last edited by ghotihook; 2016-09-22 at 01:51 PM.
There's nothing wrong with payday loans. They exist for people that can't qualify for anything else. While they may be utter shit, they still have practical uses
Financial education is often free. You can walk into most local banks or credit unions and ask for help. Hell, you can sometimes go to their websites and find information, like this: https://www.regions.com/Insights/Personal or https://www.usaa.com/inet/ent_logon/Logon (click on "Advice")
It's part of the community reinvestment act.
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I haven't yet had a poor customer refuse the offer to sit down with a personal banker to get some help with their finances. The ones that usually refuse it at least present as upper middle class.
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When people think of education, they think of schools. Most people don't realize they can walk into a bank branch and get financial education that will help them with their finances. It's just not something that's heavily advertised.
Last edited by TirielWoW; 2016-09-23 at 01:40 AM.
Bank branches will help you with your finances to the degree that it is beneficial for them to do so. They will in the same turn push products on you that you may not be able to afford or not even need because it makes money for them.
Banks are neither your friends nor your allies in financial stability. Banks are companies. Their goals are to make money. To the degree those goals align with your desire to become financially solvent they will help you, beyond that, always remember: banks put banks first, not you.
Human progress isn't measured by industry. It's measured by the value you place on a life.
Just, be kind.
In Sweden you dont even have to leave the house to get these loans, you do it all over the phone via text and you have the money on your bank account within 15 minutes, there are so many people going down that spiral it's crazy, they take one of these loans and when they can't pay it off they take a bigger loan to pay the first one off.
I really don't understand people who take these loans. Taking loans like this proves that they have plenty of cash to spare, they just haven't planned ahead and put away a bit of money each month.
Never take loans unless its for a house or something like that, never do partial payments with a fee/interest attached to it, and never take those "buy now, pay later" deals. That will save you a huuuge amount of money in the long run. Also make sure to put away a little bit of cash each month (since you clearly would have been able to if you can afford these expensive interest rates).
But if you could afford the interest, then you should have been able to afford to put away some money each month and plan ahead. Heck, you could even invest the a little money each month and hopefully make it grow and then sell stock if you need money for an emergency.
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Gotta love "Lyxfällan". Watching that show makes me feel so safe with my economy.
-=Z=- Satan represents vengeance instead of turning the other cheek! -=Z=-
https://bdsmovement.net/
New York State has some pretty zealous anti-predatory-loan laws. They bitchslapped Montel Williams and Money Mutual so hard, they can't loan in NYS anymore.