« What is Fundamental Indexing? | Main | 50 of the Most Easily Overlooked Tax Deductions »
Exploiting the American Worker
By JLP | November 14, 2006
I received a post card in the mail with the following message:
THE AMERICAN WORKER
WHETHER YOU’RE A TOLLBOOTH OPERATOR OR A TAILOR,
A BAKER OR A BELLHOP,
YOU DO WHAT IT TAKES TO GET THE JOB DONE.
SO FOR ALL THOSE DAYS WHEN YOUR WORKLOAD’S HEAVY,
BUT YOUR POCKETS ARE LIGHT,
WE’RE HERE FOR YOU.
BECAUSE YOU ADVANCE AMERICA.
Take a wild guess what kind of company is mailing these out? That’s right. Our lovely friends, the cash advance people. What I don’t understand is if times are so tough that a person has to use this “servive,” then how are they going to have enough money to pay it back? This particular company has 5 locations in my area. FIVE!
Slap all the lipstick you want on this pig and it will still be a PIG!
The really sad thing is that the people who are reading this blog already know this.
Topics: Miscellaneous | 5 Comments »
November 14th, 2006 at 5:33 pm
Heh, only five? You should try living in a military concentrated area. I think there are 30 locations in Hampton Roads, and they claim not to exploit the military. How could they do anything but?
November 14th, 2006 at 10:25 pm
These places are are spreading as fast as Starbucks… I still don’t know how they can legally charge such high interest rates. I always thought there were legal limits. I guess they found a way to be “legal loan sharks”.
November 15th, 2006 at 12:22 pm
The scary thing about those places (at least locally) is they are allowed to charge interest rates in the 25-35% range per anum. They prey on the people who are stuggling to meet their payments only to be gouged. They even ran a story in the paper about people being forced to borrow more money just to pay back the previous loan.
November 15th, 2006 at 12:48 pm
Not to advocate usury or even be argumentative, but what’s the alternative? I’ve never used, been involved in, or even been within a telephone pole of one of these establishments nor do I wish ever to do so. BUT, they do fulfill a need or they wouldn’t exist. Sort of like a bail bondsman. NOBODY wants their service, yet many are very glad they’re around when you need them.
November 17th, 2006 at 11:51 am
I sounded more like a Budweiser mailing than a cash advance mailing to me.