Re: Payday Loans and Newspapering

[rjones@airgap.net]

Don,
It means most people can't do math. Witness the FatSmacker or whatever
ad on the radio... it eliminates up to 1000 grams of fat! Which is one
kilo. However it does so in conjunction with a low fat/exercise
regime. The regime alone is responsible for removing 950 of those
grams. So you're paying $40 a month or whatever for 50grams of fat.

Also, it means the economy is crap. Just as bad a sign are title pawn places.
The only time I have ever used one of these places it was to cash a check
b/c my atm card did not work. Even then it was something silly... like 5%
or 10%

The appearance of pawn shops and check cashing joints is a sure sign
they have enough business to thrive on, which means times are tough.

Next thing there will be a plasma buying operation.
Ry

> reporter who covered the story. A loan "costs" $20 per $100 borrowed,
> according to the story, and that is the cost for two weeks. The story ends
> by saying that 20 percent may seem a high rate, but that the manager of
> the newest operation doesn't think so.