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Join Date: Jul 2013
Posts: 36,687
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Join Date: Jul 2013
Posts: 36,687
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They're legitimised loan sharks, except they threaten you with endless debt and legal threats instead of broken legs and baseball bats. The controls that are being put in place are a start but the truth is, they shouldn't exist in the first place. If someone can't afford to get from one payday to the next without taking out a loan - and aren't even in a position to be able to borrow from themselves on a credit card - then by default, one must assume that after their next payday they're still not going to be able to repay it... Without then needing to borrow again later in the month.
Tl;dr - the people who can afford these sorts of loans, don't need these sorts of loans.
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