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I assume you are asking if I earned my high risk status? Then yes. But that doesn't change the fact that the high risk places had nothing to do with that, they simply take high risk chances for high risk rewards.

But if you have been following this thread, I am in a FAR different place now.

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I'm guessing he's never seen the mafia's version of late fees?

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"Because just about everywhere"......there's the problem. Different spin on that, the car title loans: Bring in your car (not older than 7 years) and title, get a quick cash loan, up to a $1k...and sign power of attorney, hold harmless for repo, etc..a day late..the company either has its own repo staff or contracts out..and car is repo...so tow charge, gate fees, late fees, storage all added, letters go out and within
time set by state, you put lien on title, apply for a new title,  and sell..but staff and repo get first dibbs, only paying a few hundred bucks above the loan amount...illegal..yeah...but try explaining that to your local police. With your example, the same thing...explain that to the local police and expect them to get involved. (kind of like, your car breaking down and getting towed, whether you called, or the police called for the tow...find out the fees are a few hundred bucks, something that might be regulated by law or local ordinance, but on top of that...the tow company charges a $100 plus 'gate fee'

Many states local sheriffs had a nice thing going with a turn key fee...get arrested, go to jail, post a bond, charges dropped, judge issues a get out of jail order...didn't matter, you weren't going anywhere until that cash $50+ 'turn-key' fee was paid.

When checks were popular, you had 'Bad Checks'...criminal aspect spelled out by law, right, the prosecutors should know the law right...wrong! Look across the country, and if you get a chance to look behind the scene..prosecutors office gets to charge a fee off the top of any collection and gets to use that money for his office. So, the staff usually consists of interns, family members, hotties, who are given very little guidance...they follow a template...bad check comes in, an attorney doesnt look over it, its an assembly line,  clerk sends out a letter threatening arrest, and repayment, their fee is taken off the top..if letter ignored or restitution and the fee not made on time..that same clerk walks the generic affidavit and warrant over to her friend in the judges office...that, along with stacks of other such docs are presented before any available judge...that judge doesn't look over the facts of the case (maybe assumes that before the complaint was taken, a prosecutor reviewed it, but doesn't really care, he has immunity). The warrant is issued and the check writer arrested. Small time right...look across at least the southeast US and you'll see where this same process pays for salaries, office furnishings and vehicles...how many of those bad checks are actually criminal...probably less than half.

Point being...until someone calls them on their practices (that many here, or the business themselves seem to think are lawful, the sheriff, the DA) are not. Throw in money, politics, what law enforcement agency has the jurisdiction, the wherewithall (know-how)..and these practices flourish, to the point where instead of taking you into an alley and beating you with a baseball bat, they go to the police, the courts.

On the other side, trying to make a criminal case...many patrons are always one step ahead of the repo man, wont answer door, their phone, don't believe your the police to help them, but the police that want to put them in jail...or if they do cooperate, they're transient, wont show up for court, involved with other criminal activity, not dependable as witnesses...and on and on..and the businesses with their predatory practices are well aware of that, as are their attorneys, their associations, their lobbyists and so on..

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Baring said idiot being a window licking retard, the fuck it is. Most (not all) people are just lazy and hedonistic, not retarded or slow, and don't care about the high rate as long as they get their beer and smokes.  I was one of those idiots for a better chunk of my life (not smokes and beer, but fun over responsibility) and I have no one to blame but myself...certainly not the high interest places.

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I don't see why this is relevant since neither OP nor anyone else has doubted that the borrower's credit is a poor risk.  Also, the discussion is not about rates per se, but about exploitation of the weak proletariat.

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Maybe he's a realist.

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In this case, the lenders.

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I assume you are asking if I earned my high risk status? Then yes. But that doesn't change the fact that the high risk places had nothing to do with that, they simply take high risk chances for high risk rewards.

But if you have been following this thread, I am in a FAR different place now.

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Agreed, the lender is still a dick though...

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No, I was inferring that your definition of ethics, that it is not unethical to take advantage of idiots, is a peculiar one.

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Its not, I was the idiot and I don't think anybody did anything unethical, I screwed myself. I am a big boy, I didn't have to sign the dotted line, I did that of my own free will, all while know I was shooting myself in the foot. It was a money now, worry about it later, rob Peter to pay Paul, thing. All I had to do was live a simple life and pay my bills and I wouldn't have needed those places,  but I didn't, and they were there.

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I don't see why this is relevant since neither OP nor anyone else has doubted that the borrower's credit is a poor risk.  Also, the discussion is not about rates per se, but about exploitation of the weak.

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Well there ya' go.  This says it all.

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So then your solution is to say, "Fuck you, you have proven worthless and can live on the street for all I care."? Or maybe you would prefer the business model set itself up go under because it loses money offering a "fair" interest rate.

Seriously, what is your solution, I'm genuinely curious? It has to be one of 2 ways, high interest or "No soup for you.".

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Its not, I was the idiot and I don't think anybody did anything unethical, I screwed myself. I am a big boy, I didn't have to sign the dotted line, I did that of my own free will, all while know I was shooting myself in the foot. It was a money now, worry about it later, rob Peter to pay Paul, thing. All I had to do was live a simple life and pay my bills and I wouldn't have needed those places,  but I didn't, and they were there.

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Nope, read his posts.

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You couldn't quit buying chrome and lights for your truck/trailer could you

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FIFY.  Everyone else calls them willing and eager customers.  Fellow travelers call them 'exploited'.

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(putting on boots to wade into the lagoon again)  There is no easy solution just as "the poor will always be with us".  However, it is clear that there is no moral standing for a system that destroys another person.  The claim that deception of the susceptible somehow serves as a service to them is invalid.  There is a loan industry that operates on what we consider the norm and it includes short term and/or high interest loans.  This is what I am accustomed to and the one in which I participate.  On the other hand, I find it hard to believe that should I go to one of these morally compromised lenders, that they would even want me as a customer as I would not fit their targeted customers (my FICO is > 800 BTW).  My solution, and one that I encourage you to enjoin, is for people to do what is right, and to look out for your fellow man.  Matthew 25:40

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You couldn't quit buying chrome and lights for your truck/trailer could you

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And again, back to my original comment, if you think it is ethical to deliberately take advantage of idiots, you must have been absent when ethics were taught.

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Really?  Is that all you can come up with?  You now choose to ignore that which was made obvious yet you think I am the liberal.  Chalk up another win for me and see ya' later loser.   As I have said before, you need to stay out of payday loan offices.  I'd hate to see what they would do to you again.

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No win for you, run and hide kiddo.
I took responsibility for my finances so no, I won't be needing them again. And what else should I come up with? You think its the lenders responsibility to protect the dipshits and not the dipshits place to have some personal responsibility. That screams AWS, FSA entitlement mentality.

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No wonder no one knows what the terms are! It's in 2 different languages!

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Nobody's being exploited, it's just your OWS perception of things.

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I thought you did me the favor of ignoring me.  Remember?  It was right when you lost this debate, your credibility, and Arfcom's opinion of your character.  Please, redouble your efforts in ignoring me and resist the urge to further derp.

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Smiling faces, wad of cash, looks good to me HURR DURR.

That's what you'd hear if you could read the minds of the people waiting in line at the cash stores.

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Fair point, I guess I'm more thinking about the young Marines that don't know better (since they are often MY young Marines and end up in trouble over it)

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Yeah even if it's legal that doesn't excuse what they're doing.

For all the social conservatives on this site there don't seem to be many familiar with the concept of usury.

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Go back to the OWS rally!  

Seriously though, some people openly embracing some pretty shameful financial behavior in the name of capitalism and its no wonder a significant portion of the world and the US can be duped into believing in socialism and communism even after all the strife they've caused. You have to have a pretty detestable argument to make the hammer and sickle look like a nice alternative. Bravo gentlemen, you are your own worst enemy.

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I don't put anybody on ignore, it's a sign if weakness, I said I was going to ignore you useless opinions. And I hare to rustle you jimmies, but I didn't lose any debate, my credibility or  harm my character. But you keep posting your FSA butthurt if you think it makes you look better. I've been here long enough that you're not the first petulant child to think.you've gotten over on my, keep it up cupcake.

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Clever, but either you missed the point or you are being intentionally dishonest

He said it was the lenders responsibility to protect the borrower indicating the borrower has zero personal responsibility. If that's not straight up OWS, tell me what is.

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Oh, so sorry *me, I know it was hard to understand what I meant with the typo and all.

Name calling hell, you indicated it was the lenders responsibility and not the borrowers to be responsible for the borrower, thats the definition of an entitlement, OWS attitude.

What exactly do you have against someone taking personal responsibility for the bad things they bring into their lives? Why do you think it's society's place to take care of those who are to lazy, uncaring or irresponsible to do it themselves (and we're not talking the old, infirm or mentally challenged)?
If a retarded guy (sorry for the lack of pc) walks in, I won't give him a loan, but if a guy with a "hatchetman" neck tattoo and a "Juggalo for life" tattoo on his arm, he doesn't care about his decision making, tell me why I should?