Quick Payday Cash Loans Online..........Yay OR Nay?!?

1. I'm Undecided.

2. As of May 2009, quick cash loans centers in the state of Arkansas are now lifetime banned from the state. And since banks don't do payday loans, these online alternatives will be THE only option available.

Discuss.

NAY!!!!!

God DAMN there are a lot of dumb motherfuckers walking around! - George Carlin
Stalkerwomen of the world unite in delusion!!!!!

Double NAY!!!!

HELL TO THE NAY!!

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A working class hero is something to be...

sha NAY NAY!

No, I've seen family members become slaves to payday loans! Dont do it!~

Anxiety said:

sha NAY NAY!

Nay!

Yay!

mcmeekle said:

Yay!

Nothing but trouble!!!

BITCH YOU CRAZY NAY!

Not one single yay.
That's cause it's a trap, saw a report about them.



And online...double nay!

4EVER
~~

BIG NAY

anyone that sends sandwich board guys in the street to advertise is dodgy in my opinion

I say yay. It has got me out of a jam before when I needed CASH (not credit), and I knew how much my next paycheque would be.

Nay!!!

NAY NAY NAY!!!!

ZombieKitten said:

Cinnie said:

RenHoek said:

Anx said:

sha NAY NAY!

I agree w/ most everyone here - DON'T DO IT!!

No, never. These scumbags should be outlawed. They prey on people.

"Payday" loans are small, short-term loans made by check cashers or similar businesses at extremely high interest rates. Typically, a borrower writes a personal check for $100-$300, plus a fee, payable to the lender. The lender agrees hold onto the check until the borrower's next payday, usually one week to one month later, only then will the check be deposited. In return, the borrower gets cash immediately. The fees for payday loans are extremely high: up to $17.50 for every $100 borrowed(1) , up to a maximum of $300. The interest rates for such transactions are staggering: 911% for a one-week loan; 456% for a two-week loan, 212% for a one-month loan.

If u want 2 get ripped off.....yah.....otherwise.....

Heaven forbid you can't pay back in time, you pay a new fee etc. etc. etc.
Don't do it!!

TonyVanDam said:

ZombieKitten said:

anyone that sends sandwich board guys in the street to advertise is dodgy in my opinion

I've never seen one of those people.

NayNayanishaquikriafrichickenisha! ie No

These loanshark are parasites that feed on poor people and ones who can't budget, isn't it like $15 per $100 you borrow and mega interest if you default, even if its $10 per $100, thats still 10% interest a week, plus they usually charge penalty fees, cost of finance fees, and administration/ documentation fees which have no grounding especially if the loanshark just peels the cash off a wad in his pocket. These things are bad (Think about it, people get hooked and soon they pay off $500 a week and then loan $400 again, its just too exploitative.
Here in New Zealand, this is rife especially amongst Bone poor Pacific Islanders and other immigrants (Mostly other immigrants doing it), and we are going to ban it eventually. No one should profit off someone elses misery.

TonyVanDam said:

You can't blame Money Mart if you all of a sudden don't get paid or whatever. Should only be considered in the rarest of occasions.

I'm a broke sista in her soon-to-be mid 20s. It's alluring but I know it's a big smelly no no. They're everywhere and too common in the area I live in. They're on afternoon TV promising the moon and stars. Just the simple thought of getting so much from doing so little (some of them say "no credit check at all!!") reeks of something I say nay to. Online? HA! DOUBLE NO! Triple, quadruple no! I shop online but I don't borrow bank from the 'net.

That and my frugal money-smart dad would tan my grown hide if I even thought about one. He doesn't mind dropping a tiny amount of bank because I'm still his kiddo and all. That mess is worse than a credit card and the reason I'm going back to school to finish so I DON'T have to ever use one.
[Edited 6/5/09 9:28am]

Elixer...baby it sho' ain't about no liquid ailment fixer! But I ain't complainin...