Google Shuts Out Payday Loans With App Store Ban

[Ricky Fontaine]

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

You sound like one of them crackas who feel like they have the right to hire and serve whomever they want.

 

[Matt504]

It's not just financial education people take high interest loans when they are desperate alot of times they know the interest is insane hell I've done it before myself knowing. shyt is just flat out predatory.

This is the point flying over the other poster's head, the people applying for payday loans don't have the luxury of turning down what's clearly a bad loan because they need the money and they likely can't qualify for better terms. Predatory lending practices should be outlawed across the planet.

 

[KENNY DA COOKER]

You sound like the FATHER I should have had in my life to teach me the value of ACCOUNTIBILITY and paying attention to DETAIL when it comes to making FINANCIAL DECISIONS

 

[hayesc0]

This is the point flying over the other poster's head, the people applying for payday loans don't have the luxury of turning down what's clearly a bad loan because they need the money and they likely can't qualify for better terms. Predatory lending practices should be outlawed across the planet.

Agreed

 

[Michael's Black Son]

36% YIIIIIIIIIIIKES

 

[fckyoupayme]

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...

Bet ten you don’t see these payday spots in wealthy, white neighborhoods. They are only in people that are already in tough positions ie Black and brown people. I understand accountability but that doesn’t work when you are in a tough spot and every corner is offering you what looks like a way out.

 

[KENNY DA COOKER]

Bet ten you don’t see these payday spots in wealthy, white neighborhoods. They are only in people that are already in tough positions ie Black and brown people. I understand accountability but that doesn’t work when you are in a tough spot and every corner is offering you what looks like a way out.

how bout YOU worry about yourself instead of them CRAKKKERS ALL THE TIME

you a grown azz individual...of course shyt is unequal based on RACE and CLASS....this IS AMERIKKA

cause YOU AND I don't have the COMPLEXION FOR THE PROTECTION

that should inspire you to MAKE BETTER DECISIONS TO LOOK OUT FOR YOUR OWN INTRESTS......

WE CANT BE MAKING EXCUSES IN A SITUATION LIKE THIS.....ESPECIALLY IN THIS AGE OF INFORMATION OF THE INTERNET..

YOU KIDS ARE FORTUNATE...YOU GOT YOUTUBE VIDEOS THAT TEACH YOU THE "GAME OF CAPITILISIM"

I SAW A YOUTUBE VIDEO teach me some things about restructuring my credit that i never knew..wish i had that growing up in the 80s

just LIKE I HAD TO DO......i ACTUALLY TOOK OUT SEVERAL PAY DAY LOANS during my time when i was struggling in college and years down the line struggling with child support and meager finances as a freelance writer

and i will tell you in each instance...I APPROACHED those PAYDAY OFFICES like the one located near my campus and those so-called PREDATORY loan officers SHOWED ME THE PAPERWORK AND TOLD ME CLEARLY THE HIGH INTREST RATES I WOULD INCUR IF I CHOOSE TO TAKE ON THOSE LOANS

so i took on those LOANS and KNEW THE RAMMIFICATIONS i accepted it..yeah it was hell paying em back...

but I AIN'T GONNA SIT HERE AND SAY ..."OH LAWD THESE EVIL PREDATORY PAYDAY LOAN PEOPLE EXPLOITED ME"

fukk outta here with that shyt

so stop THIS DUMB AZZ TALK ABOUT ACCOUNTIBILITY DON'T WORK when you in a situation......

and you're talking to a BLACK MAN WHO WAS HOMELESS FOR DAMN THIER A YEAR...SLEEPING IN MY CAR and in ROOMING HOUSES

that's the situation i was in ...cause we all know even if PAYDAY LOANS don't exist....YOU STILL GONNA ENCOUNTER HIGHER INTREST RATES than someone in a better financial position that's just the way it goes

the irony of me cleaning out my attic this morning and going thru an old box that just happened to have the contract terms of a credit card that was offered to me a couple of years ago.....

and this wasn't no damn pay day loan.....it was a credit card with a 29.95% apr intrest rate that varied with the market based prime rate

along with a 34.95% APR for cash advances...

and you know what my ACCOUNTABLE AZZ DID...IGNORE THOSE TERMS AND KEPT IT MOVING

 

[fckyoupayme]

how bout YOU worry about yourself instead of them CRAKKKERS ALL THE TIME

you a grown azz individual...of course shyt is unequal based on RACE and CLASS....this IS AMERIKKA

cause YOU AND I don't have the COMPLEXION FOR THE PROTECTION

that should inspire you to MAKE BETTER DECISIONS TO LOOK OUT FOR YOUR OWN INTRESTS......

WE CANT BE MAKING EXCUSES IN A SITUATION LIKE THIS.....ESPECIALLY IN THIS AGE OF INFORMATION OF THE INTERNET..

YOU KIDS ARE FORTUNATE...YOU GOT YOUTUBE VIDEOS THAT TEACH YOU THE "GAME OF CAPITILISIM"

I SAW A YOUTUBE VIDEO teach me some things about restructuring my credit that i never knew..wish i had that growing up in the 80s

just LIKE I HAD TO DO......i ACTUALLY TOOK OUT SEVERAL PAY DAY LOANS during my time when i was struggling in college and years down the line struggling with child support and meager finances as a freelance writer

and i will tell you in each instance...I APPROACHED those PAYDAY OFFICES like the one located near my campus and those so-called PREDATORY loan officers SHOWED ME THE PAPERWORK AND TOLD ME CLEARLY THE HIGH INTREST RATES I WOULD INCUR IF I CHOOSE TO TAKE ON THOSE LOANS

so i took on those LOANS and KNEW THE RAMMIFICATIONS i accepted it..yeah it was hell paying em back...

but I AIN'T GONNA SIT HERE AND SAY ..."OH LAWD THESE EVIL PREDATORY PAYDAY LOAN PEOPLE EXPLOITED ME"

fukk outta here with that shyt

so stop THIS DUMB AZZ TALK ABOUT ACCOUNTIBILITY DON'T WORK when you in a situation......

and you're talking to a BLACK MAN WHO WAS HOMELESS FOR DAMN THIER A YEAR...SLEEPING IN MY CAR and in ROOMING HOUSES

that's the situation i was in ...cause we all know even if PAYDAY LOANS don't exist....YOU STILL GONNA ENCOUNTER HIGHER INTREST RATES than someone in a better financial position that's just the way it goes

the irony of me cleaning out my attic this morning and going thru an old box that just happened to have the contract terms of a credit card that was offered to me a couple of years ago.....

and this wasn't no damn pay day loan.....it was a credit card with a 29.95% apr intrest rate that varied with the market based prime rate

along with a 34.95% APR for cash advances...

and you know what my ACCOUNTABLE AZZ DID...IGNORE THOSE TERMS AND KEPT IT MOVING

I’m not looking out for me. I’ve been blessed to be educated about pay day loans and like YOU, are able to figure out how to avoid them or be mindful when using them. I’m talking about my BROTHERS and SISTERS that do not have the same discernment for whatever reason. I’m not willing to leave them in the dark just because they should know better.

 

[KENNY DA COOKER]

I’m not looking out for me. I’ve been blessed to be educated about pay day loans and like YOU, are able to figure out how to avoid them or be mindful when using them. I’m talking about my BROTHERS and SISTERS that do not have the same discernment for whatever reason. I’m not willing to leave them in the dark just because they should know better.

Ok but what are YOU DOING TO HELP THEM instead of WHINING ABOUT THESE HUSTLING CRAKKERS on a message board?

Do you have a educational platform to enlightnen underclass black folks about predatory loans?

Have you started a YouTube channel to point out the risks associated with credit cards and Payday loans and P2P lending?

Do you post something other than SELFIES on your Instagram that contain substantial info to empower black folks?

If not ..then your wasting your time

Myself and three of my friends 2 ADOS and one African have an investment group and also share info on financial empowerment in the fields of real estate...investment and entertainment

Don't talk about it be about it

 

[stave]

low-income households are more likely to use an Android phone than an iPhone.

 

[th_412]

I can agree its messed up for our government to allow companies to take advantage of people chargin 36% interest and all that.....shyt is crazy u cant argue that .........even the mafia dont charge that much interest


but some people do use them payday loans responsibly, pay them shyts back in a short term period of time without paying any interest, and for some its their only option to hold them over between paychecks. And to me you have to consider those people as well, who are now being denied the option of accessing a service that helps them



Like anything else they should be able to compromise n all that to where the most they could charge would be like 15-20% or somethin ........but that would be too easy

 

[fckyoupayme]

Ok but what are YOU DOING TO HELP THEM instead of WHINING ABOUT THESE HUSTLING CRAKKERS on a message board?

Do you have a educational platform to enlightnen underclass black folks about predatory loans?

Have you started a YouTube channel to point out the risks associated with credit cards and Payday loans and P2P lending?

Do you post something other than SELFIES on your Instagram that contain substantial info to empower black folks?

If not ..then your wasting your time

Myself and three of my friends 2 ADOS and one African have an investment group and also share info on financial empowerment in the fields of real estate...investment and entertainment

Don't talk about it be about it

You sound like an angry old man shaking his cane from the porch. Stop assuming you know me. Posting selfies on Instagram? That’s not even my style. Also who’s complaining? I’m having conversations on a message board.

I usually don’t talk about the moves I make But I’ll bite. I put my energy into education because I believe an educated people can overcome any of the issues they throw at us. I do this through advocacy, community organizing, creating trainings so that people can confront their implicit bias and policy work. On the home front I’m organizing a community clean up so we can get the hood in order. Im trying to walk in the steps of my idols; Malcolm, Huey, Assata, and Shirley.

mad respect and props to you for the work you’ve done and the knowledge you have to pass down. Although we have different views, we have the same goals.

 

[Deflatedhoopdreams]

I’m cool with this. Sometimes you gotta save people from themselves.

 

[Matt504]

I’m cool with this. Sometimes you gotta save people from themselves.

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.

 

[KENNY DA COOKER]

[

It's not just financial education people take high interest loans when they are desperate alot of times they know the interest is insane hell I've done it before myself knowing. shyt is just flat out predatory.

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

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