Re: Payday Loans


On 11-Aug-2008, Dave K <dave.k@xxxxxxx> wrote:

I understand the risk, but the cost seems out of proportion with the
risk. I'd want it regulated and controlled out of existence.

The one regulation these people are way out of bounds is not having access
to the contract your signing for these loans before filling out the
application.

Really what you are doing is openning a door for a fox in the chicken coop
by allowing these direct deposits, because your also giving access to take
money out. And not being able to read the contract before filling out the
application is asking for nothing but trouble.

The best I found for terms and conditions was telling me that the money your
borrowing is not coming from the people whom you are filling out the
application to, in other words these sites are only acting as middle people
in this transaction. In other words these middle people are just collecting
their fee during all of this and sending you on to the real shark in all of
this.

I imagine the late fees and whatever fees your going to get hit with are
prohibitive. What your seeing at these web site are most likely the tip of
the iceberg for whats in store for you.
-------------------------------

So Wally, how many payday loans did you take out to buy the "Commenrative
9/11 Liberian $20 editions" ?
.

Relevant Pages

  • Re: Payday Loans
    ... And not being able to read the contract before filling out the ... I imagine the late fees and whatever fees your going to get hit with are ... What your seeing at these web site are most likely the tip of ...
    (misc.news.internet.discuss)
  • Re: Ive seen things you people wouldnt believe...
    ... "If you do something for which something else is possible, and the law ... I did not contract ... with a third party for a service that is regulated ... unregulated and my *original* statement did talk about regulation - ...
    (rec.arts.sf.fandom)
  • Re: FOAK: mortgage advice
    ... Regulation is about ensuring that consumers get a fair deal. ... Regarding the specific example of arrangement fees, ...
    (uk.rec.motorcycles)
  • Re: How would you do up a contract like this...
    ... Maybe with two separate contracts you can spell out future performance fees ... performance fees in one contract, is it possible that each group may ... should I state those percentages in a single contract that both parties will ... the question of performance rights. ...
    (rec.music.compose)
  • Re: Interesting question
    ... Estate agents are as honest as that Fools and Horses bloke ... on TV, this agent has to prove that a contract is made, from what you ... The contract they want is dependent on so many silly fees that there's ... cheaper property where the agency fees weren't needed as it wasn't ...
    (uk.legal)
Loading