Comments on: Advertising That Targets the Poor

By: Kari

Kari — Wed, 24 Dec 2008 13:15:08 +0000

I can tell you once you get into one of these things goo it is hard hard hard to get out. It also isn’t about not being able to get a traditional loan, I mean who gets a loan for $500 from a regular bank anyway? It is about emergency or perceived emergencies when you enter one of those places.

Now Christmas shopping isn’t one of those emergent situations but there are things that I used payday loans back in the day for. They make me tear up just thinking of the work it took to get out of that mess.

Everytime I think things are rough… I remember how rough it was when I took out a PD loan and I shiver. It is nothing but a vicious cycle. Thank God I got out of them… never EVER again!! I’ll live in my car before I resort to another one, tyvm!!!

They should be outlawed… they prey on whatever will work, right now it is Christmas… next week it will be a broken down car in the middle of the frigid winter, next month who knows groceries on those commercials. Wherever people are hurting is what they will prey on. They make it seem so simple.

By: Dimples

Dimples — Wed, 24 Dec 2008 01:21:59 +0000

Wow……..I heard a similar commercial over in O-town. All I could do is shake my head. Too think that there are people in the cars, listening to the same damn commercial and thinking they just got their prayers answered.

Ri-damn-diculous!!!

By: Revanche

Revanche — Tue, 23 Dec 2008 19:33:29 +0000

I still don’t believe it, but I’ve recently witnessed how otherwise perfectly intelligent people can make dumb-ass decisions to resort to that particular “solution” in my own family.
So while I can’t understand that, and never understood a former coworker’s choice to spend a thousand bucks on sale junk instead of paying off her PD loan, I know it happens and it doesn’t take much. Just a sense that this is a viable answer rather than the start of a vicious cycle.
As if the poor don’t have enough problems, they need to roll out more “poor taxes?” ’scuse me, I’m still pissed about all the poor taxes I had to pay this week on my dad’s behalf.

By: Sistah Ant

Sistah Ant — Tue, 23 Dec 2008 16:34:45 +0000

I used to wonder what a “loan shark” was, until payday/car title lending places popped up. But if all you have in your community is a check cashing place, and your income is low, where else are you going to go? This is why financial literacy and job training are so important.

Where I live, I keep hearing an ad on the radio for “Credit Amnesty,” where people should call on certain days based on the first letter of their last name – this makes it sound governmental. Of course, it has nothing to do with credit amnesty. If you listen to the fast talking guy at the end of the commercial, it’s about getting people loans for cars at a dealership. And of course, the fast talking guy says that availability of credit depends on credit score. I HATE that commercial.

By: BK

BK — Tue, 23 Dec 2008 15:34:41 +0000

LMAO @ I thought I made it up HAHAHAHAAAAAAAA

Umm I think any payday lender is a joke.. I watch so many ppl get hurt by these things.. YET when you try to educate them they don’t want to learn..

Me Likey Moneymonk’s “If you think education is expensive, try Ignorance.”

yessir.. my official new quote of the day!