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A place for Get Rich Slowly readers to ask questions
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It is currently Fri Aug 29, 2014 5:15 pm

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 Post subject: The seventh circle is too good for them
PostPosted: Fri Dec 14, 2007 12:25 pm 

Joined: Mon Apr 30, 2007 11:03 am
Posts: 298
Location: Michigan
Dante says the seventh circle of hell is reserved for those who commit violence against God, nature, and art. That includes usurers. Somehow that seems too good for them.

A low, low interest rate of 396 percent
Struggling Cleveland homeowners are taking out payday loans when they fall short. Is it a quick source of cash or legalized loan sharking?

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PostPosted: Fri Dec 14, 2007 3:51 pm 

Joined: Fri May 18, 2007 8:25 am
Posts: 520
Location: Santa Barbara
But at least they get to hang out with Gary Coleman.

Payday lending is an amazing intersection of immorality and greed on the part of the providers and ignorance and poor financial skills on the part of the borrowers. The article points out a paper that showed that people in states where payday loans-type establishments were banned were worse off because they ended up bouncing checks. Sometimes it's tough to keep people from shooting themselves in the foot.

Just saw your website. While I haven't been driven to tears, I feel really good that I've finally found the fool who declared war on Xmas. Err...Christmas.

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