Google Shuts Out Payday Loans With App Store Ban

[Roland Coltrane]

This ban is dumb ....

Once again we are robbing individuals of the right to be ACCOUNTABLE

none of these PAYDAY loan companies force themselves upon borrowers

If someone decides to take on a loan with a 36% interest rate... THAT'S THIER DECISION

besides this law does nothing to stop the thousands of P2P (PEER TO PEER) lending sites which allow individual lenders to set up interest rates at thier discretion ...some just as high as 36%

Besides thier will always be a demographic that NEEDS TO BORROW money that doesn't meet the qualifications of most creditors or banks

It's about Choices

For example myself and business partner are catching hell trying to find a new supplier of Caffeine for our line of coffee cakes at her bakery

Cause our old supplier was told he can't sell Caffeine in bulk by the FDA ..because some IDIOTS have decided to digest large quantities of Caffeine and as a result they DIED

so now he and many distributors are BANNED because of the dumb azz choices of a select few...

you sound like a right wing a$$hole

also, knowing who these type of loans disproportionately affect, your train of thought is looking in the light

 

[KENNY DA COOKER]

I agree, desperation and low barriers of entry to high risk loans are a disaster, lowering the barrier even further with mobile apps is just plain irresponsible.

Nobody forced you to download that app


Da fukk

I'm an ANDROID ADDICT for the past two decades and I don't have one Payday loan app...

Y'all act like People can't make sound Decisions on thier own...

Who Raised You?

 

[hayesc0]

[



so how is predatory when you just admitted YOU KNEW THE RISKS and was FULLY AWARE

that's like calling the Lion in zoo a predator after you decide to jump your azz over the gate with SIGNS MAKING YOU AWARE yet you GET MAULED yet you want ZOO's BANNED

I swear y'all unnaccountable smart dumb n1ggas are the main reason why we don't have Generational Wealth in our Black Communities

:

Think whatever you want lol not sure what's up with the hateful shyt but I'm just not in the mood for it today. I will say the reason it is predatory imo is because you are in an extremely desperate situation where you often times have no choice but to take it. I'm not complaining but I have no problem with seeing these companies go away unless they improve on policy.

 

[Nikki_04]

It's not my fault MUTHAPHUKAS CHOOSE NOT TO READ THE TERMS OF A CONTRACT

Same with these dumb azz rappers ...

If you can't decipher what's going on get a third party like a lawyer or an OG who is well versed in financial matters

My mother was always gave good advice and still does to this day

I've been restructuring my credit since I closed the deal on my home and started two LLCs

And I get LOAN offers and Credit Card propasals all the time

First thing I look to READ is the APR interest ...

One credit card company sent me a card and in bold digits on the back of the form it said 24.99 percent APR

That's all I needed to see...to show it wasn't for me



STOP MAKING EXCUSES FOR PEOPLE WHO MAKE BAD CHOICES

Why do you care so much? Do you work for one of these companies?

You're acting like they are taking money from you.

I think it's great that they are doing this. Too many black people get caught up in these loans...it's hard to get out.

 

[Originalman]

Thats all and good. But if you ain't shutting down these credit card apps and they 25% plus interest they charging folks. Plus their predatory lending (targetting young adults and college students).

Then you on some bull shyt.

 

[Matt504]

Nobody forced you to download that app


Da fukk

I'm an ANDROID ADDICT for the past two decades and I don't have one Payday loan app...

Y'all act like People can't make sound Decisions on thier own...

Who Raised You?

It's like you're doing a stellar impression of someone that misses the point at every turn except you're actually missing the point.