Comments on: Could You Survive on 36 Percent Interest Rates Or Is That Too Little ? http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/ Wise Choices. Improved Finances. A Better Life. Sat, 13 Mar 2010 21:22:23 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-1011 Ron Tue, 18 Mar 2008 00:25:59 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-1011 @Ryan S.@uncommon-cents.net: I would hope! But there are other payday lenders in Portland that are figuring ways to get around the 36% cap by instituting certain "fees." @Ryan S.@uncommon-cents.net:
I would hope! But there are other payday lenders in Portland that are figuring ways to get around the 36% cap by instituting certain “fees.”

]]> By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-1008 Ron Tue, 18 Mar 2008 00:22:00 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-1008 @fathersez: I agree. I understand risk and making money because of it, but the rates and fees on these loans is out of hand. If people need an advance so bad that they're willing to pay those rates and fees, what have we become as a society? @fathersez:
I agree. I understand risk and making money because of it, but the rates and fees on these loans is out of hand. If people need an advance so bad that they’re willing to pay those rates and fees, what have we become as a society?

]]> By: Ryan S.@uncommon-cents.net http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-980 Ryan S.@uncommon-cents.net Sat, 15 Mar 2008 18:41:24 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-980 if 36% interest isn't enough to keep them in business, maybe that's just a sign that people are wising up. if 36% interest isn’t enough to keep them in business, maybe that’s just a sign that people are wising up.

]]> By: fathersez http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-977 fathersez Sat, 15 Mar 2008 16:56:13 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-977 It's really sad, how people can actually have the conscience to dream up a business like this. And the guy who closed shop because 36% was too low, maybe he was borrowing from other payday lenders to lend to his own payday clients. It’s really sad, how people can actually have the conscience to dream up a business like this.

And the guy who closed shop because 36% was too low, maybe he was borrowing from other payday lenders to lend to his own payday clients.

]]> By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-965 Ron Fri, 14 Mar 2008 19:16:57 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-965 @My Dollar Plan: Yeah, it would be one thing if you were creating value in someone's life, but the only thing these loans create is despair. @My Dollar Plan:
Yeah, it would be one thing if you were creating value in someone’s life, but the only thing these loans create is despair.

]]> By: My Dollar Plan http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-964 My Dollar Plan Fri, 14 Mar 2008 19:04:15 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-964 I would love to earn 36% on an investment. However, I would feel horrible if I knew someone actually had to pay that much on a loan! I would love to earn 36% on an investment. However, I would feel horrible if I knew someone actually had to pay that much on a loan!

]]> By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-963 Ron Fri, 14 Mar 2008 18:05:43 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-963 @Debt Free Revolution: What would be nice is for the military to make reading PF blogs a mandatory requirement for the military, especially The Wisdom Journal, Debt Free Revolution, Frugal Dad, My Dollar Plan, etc! ;) @Debt Free Revolution:
What would be nice is for the military to make reading PF blogs a mandatory requirement for the military, especially The Wisdom Journal, Debt Free Revolution, Frugal Dad, My Dollar Plan, etc! ;)

]]> By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-962 Ron Fri, 14 Mar 2008 18:03:27 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-962 @Frugal Dad: Me neither. Makes me wonder how they can sleep at night. @Frugal Dad:
Me neither. Makes me wonder how they can sleep at night.

]]> By: Ron http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-961 Ron Fri, 14 Mar 2008 18:02:05 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-961 @LP: They were giving sharks a bad name. :D @LP:
They were giving sharks a bad name. :D

]]> By: Debt Free Revolution http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/comment-page-1/#comment-959 Debt Free Revolution Fri, 14 Mar 2008 15:26:31 +0000 http://www.thewisdomjournal.com/Blog/36-percent-interest-rates/#comment-959 Thanks for the link, Ron :) And these places aren't just in the poor sections of town, they practically breed outside each gate on each military installation, and Congress passing the law limiting the interest rate to military has not made them go away. Thanks for the link, Ron :) And these places aren’t just in the poor sections of town, they practically breed outside each gate on each military installation, and Congress passing the law limiting the interest rate to military has not made them go away.

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