Payday loans target people who cannot get low interest loans, people who have no other options. People with poor credit have to pay higher interest loans; people with bad credit, and no assets to speak of, …. again, are people who have no other options; the only thing they can borrow against is their next paycheck.
The same people are being denied jobs because of their credit history …. denied the right to work! They’re also being denied auto insurance …. therefore denied the right to drive!
People who’ve gotten into this problem are those who often make less money ….. the bottom line is that it’s usually because they have less value to their employer – less education or fewer skills to help their employer to make a profit.
Usually, somewhere along the line, that means they’ve made one or several bad choices …. but does that mean they should be exploited?
Part of a bill in Congress would limit the number of “payday loans” a person could take out.
Your congress wants you to think they’re helping you, but is there an agenda behind what they’re doing?
What this will do is limit one’s ability to get by from week to week when things pile up; and in some cases, it prevents one from being able to meet critical emergencies …. or possibly, even survive!
Have you ever made less than what it takes to meet your weekly expenses? Usually what one does then, is to get an extra job and week by week, month by month, or even year by year, and work one’s way out of the problem …. Bankruptcy just helps bring the whole system down …. and those who make the laws, are making that less of an option ….
The trouble now, … is just how does one find employment?
Again, … you need to be aware of what the game plan is …. (P)resident Obama, wants people dependant on the government for their very survival! It’s a matter of control …..
This (at least partially) has to do with the fact that (P)resident Obama owes the union leaders and poor people are prime candidates for becoming union employees whose leaders collect union dues and give politicians kickbacks …. er, aaaa … rather, give them donations to their re-election campaigns.
Back a dozen centuries or so, under the feudal system of government, the land owners decided who could lease land …. plus, they set the cost of the rent and collected the taxes on what was grown on the land …..
The mega-wealthy have done this before, and they are the ones behind the curtain, pulling the strings! But this time it would be on this side of the Atlantic, and a few hundred years later, …. but does the term “share-croppers” ring a bell? Mostly, that was a way to work around having outlawed slavery!
Payday loans are just another step toward the Federal Government getting control over every aspect of your life ….. of your freedom!
It seems ironic that someone, wants to take the entire country, …. the entire world, … back in history a hundred years or so and enslave people once again!
Surely, that wouldn’t ….. couldn’t be our (P)resident, could it? I believe it is and … if I’m correct, …. isn’t it ironic that he would be working for the slave owners …..