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Old 08-21-2008, 07:32 PM
Benzgirl Benzgirl is offline
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Join Date: Jul 2007
Location: Out in Left Field
Posts: 7,555
Quote:
Originally Posted by KSUViolet06 View Post
*Our NBC station is running an ad campaigning against the state of Ohio taking away payday advance loans that is really annoying.
Jocelyn,

This ad doesn't just irritate me, it infuriates me. There is so much misrepresentation in this ad that I want to join whatever group opposes them. $15 on a $100 loan. Hello...that is 15% per month. So why didn't they say, "if I need a $1000 advance, it only costs me $150." Because that would wise-up the consumer.

What they are trying to say is, "Preditory lending is a good thing. Poor folk have the right to choose who takes advantage of them and throws them into bankrupcy."

Benzgirl
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