Comments on: Payday Loans – Ripping You Off One Fee at a Time http://genxfinance.com/payday-loans-borrow-money-ripoff/ Helping a unique generation achieve financial independence. Fri, 25 May 2012 01:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mike http://genxfinance.com/payday-loans-borrow-money-ripoff/comment-page-1/#comment-132174 Mike Mon, 26 Apr 2010 02:23:16 +0000 http://genxfinance.com/?p=2061#comment-132174 Hi Jeremy, Great post. I have a problem with how pay day loans are marketed to low income areas. Not that it's illegal but it sure seems predatory, IMHO. I was glad to see this post as I think you did a great job explaining how much of a rip off these things are! By the way, I am also a pension/401k consultant. I work more with committees but also get involved on the participant education side as well. Take Care, Mike Hi Jeremy,

Great post. I have a problem with how pay day loans are marketed to low income areas. Not that it’s illegal but it sure seems predatory, IMHO. I was glad to see this post as I think you did a great job explaining how much of a rip off these things are!

By the way, I am also a pension/401k consultant. I work more with committees but also get involved on the participant education side as well.

Take Care, Mike

]]> By: Brandon Schmid http://genxfinance.com/payday-loans-borrow-money-ripoff/comment-page-1/#comment-132055 Brandon Schmid Sat, 24 Apr 2010 19:01:08 +0000 http://genxfinance.com/?p=2061#comment-132055 I know people may be in a bit of a pinch but getting a payday loan is just nuts. The overall principal just doesn’t make sense or really help the average person. Think about it…..if you don’t have the money this week then it is very unlikely that you will magically have it by next week. And so the endless loop begins. Payday loans are toxic and should be avoided at all costs. Cheers! Brandon I know people may be in a bit of a pinch but getting a payday loan is just nuts. The overall principal just doesn’t make sense or really help the average person. Think about it…..if you don’t have the money this week then it is very unlikely that you will magically have it by next week.

And so the endless loop begins. Payday loans are toxic and should be avoided at all costs.

Cheers!

Brandon

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