• Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

‘Born Again’ Evangelicals More Apt to Use Payday Lending

Status
Not open for further replies.
D

donnA

Active Member
rbell said:
I said nothing about being poor.

I did say that payday loans are financially irresponsible.

I'd have to see one that allowed you to only pay back three bucks on a $100 loan. I have a hard time believing that to be accurate...or at least it is so conditional as to not be possible (that is, pay it back in an hour).

Most APR's on payday loans run into the hundreds of percent. Penalties and interest for late payments and failure to pay are extremely prohibitive.
Click to expand...
I'm sorry, but the signs are all over the place here.
 
Status
Not open for further replies.
Top