2007-02-10 06:02:45 · 6 answers · asked by Anonymous in Politics & Government ➔ Military
Of course.
They are the main reason why those payday loans are still in business outside of the military bases.
At ft knox in kentucky there were probably 15 of them within a 10 mile radius of the post.
I cannot see any reason why ANYONE would do that more than once!
2007-02-10 06:06:53 · answer #1 · answered by lisa s 6 · 0⤊ 0⤋
i think when someone says that they support the troops they should be aware of the desperate straits that so many of them are in when they come home from the war.
these payday companies are just the latest in a series of moves by loan companies and banks to basically reinstate indentured serfdom back into the otherwise industrial world.
and it's not just payday loan companies, but also venerable institutions such as chase morgan (or whatever they are calling themselves these days) that have decided that being criminals is better than being honest businesspeople.
chase had me in a nice little trap for a good number of years and got literally thousands of dollars out of me in a move that was directly in opposition to what the attorney general of my state had told them they could charge me for interest.
chase laughed at them and me, and welcomed me to sue them.
now that i have money and power, i also have no credit cards that are not directly tied to bank accounts.
in other words i finance nothing.
to those of you out there just starting out in life wondering which credit cards to get - don't get any. just get atm cards drawn on your bank accounts.
avoid unsecured credit card companies like chase the same way you'd avoid the mafia - these days there is no difference...
2007-02-10 06:25:20 · answer #2 · answered by nostradamus02012 7 · 0⤊ 0⤋
I bet if you asked, you'd find out that those payday loan places are on the bases's black list..meaning personnel are forbidden from going there in the first place....
2007-02-10 11:40:54 · answer #3 · answered by Mrsjvb 7 · 0⤊ 0⤋
Would you want our miiltary to take out loans that exceed 500% APR? I hope they don't give our military loans!
2007-02-10 06:09:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Don't you know that they are a scam and your command should have warned you about them, because they target the military.
2007-02-10 06:21:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋
unfortunately those vultures do give far too many loans to our men and women in uniform.
2007-02-10 06:35:53 · answer #6 · answered by michael H 4 · 1⤊ 0⤋
do you know that 36% is REALLY BAD!!!!!!!
2007-02-10 06:04:50 · answer #7 · answered by Anonymous · 0⤊ 0⤋