View Full Version : Payday Loans?

02-20-2008, 12:04 AM

I checked out Perfect Cash Advance, an online cash advance site that helps consumers meet short term monetary emergencies, with emphasis on having consumers NOT refinance, thus, saving money in the long-run. Could be an interesting read.

Much thanks for looking! Link is here, friends! (http://anitokid.blogspot.com/2008/02/payday-loans-via-perfect-cash-advance.html)


02-20-2008, 10:01 AM
While you may get the cash in advance, don't forget to check the interest rate to repay the money. Read the fine print.


02-20-2008, 11:26 AM
"Payday loans" is a euphemism for predatory loans,with their usary rates. you can get a better deal from the friendly folks
in your local Mafia.

02-20-2008, 01:38 PM

You're rapidly seeming to become a shill for every cue, con and deal out there.

Most of us can find our own sucker bets.

02-20-2008, 01:44 PM
I have no vested interest in the online site, friends. I was asked to check it out and got a minimum 3% interest; a maximum of 5%, when i inquired about their interest rates.

I was so surprised to hear from others that the site has different rates for clients, thus, as such, there's no consistency in what they are talking about.

Much thanks for bringing this up.

I have updated the post back at my site and included a reminder to all.

02-20-2008, 01:47 PM

Loved your site, particularly the designs of your shirts. And I kid you not!


02-20-2008, 02:01 PM
My apologies if I read your intent wrong. I will say beware of all quick loans.

02-20-2008, 02:06 PM
No apologies needed, my friend. And oh! Thanks for the suggestion! I will put it up!


02-20-2008, 04:06 PM
<blockquote><font class="small">Quote wolfdancer:</font><hr> "Payday loans" is a euphemism for predatory loans,with their usary rates. you can get a better deal from the friendly folks
in your local Mafia.<hr /></blockquote>
There's nothing predatory about it and I've never heard anyone say this who can back it up. In your case I think you are just repeating words you heard someone else use.

ALL interest is usury, and again you shouldn't use words that you don't know the meaning of.

The mafia will break your legs, these guys won't.

That all being said, they are a horrible value ... but if you have bounced so many checks you can't get an account, spent the week in jail and missed work, and the bookie is going to break your legs if you don't pay by 6 then it's a different game.

Solution ... don't be a dumbarse who paints themself into a corner to the point you need to do this. If you do anyway then don't complain because the highest risk loans to the highest risk borrowers cost the highest amount to pay back.


02-21-2008, 01:20 PM
Only a dumbarse would correct someone about the usage of a word without knowing what it means. Here's the definition of usury from Merriam-Webster for you since you seem to be incapable of figuring it out for yourself: 1 archaic : interest <font color="red"> Note that usury=interest is an archaic definition (using your Bible as a dictionary, El Dumb?) </font color>
2: the lending of money with an interest charge for its use; especially : the lending of money at exorbitant interest rates
3: an unconscionable or exorbitant rate or amount of interest; specifically : interest in excess of a legal rate charged to a borrower for the use of money

Now, if we look at definition #3 and the last part of #2 (following the word "especially"), we can see that by the generally accepted definition of the word usury that not ALL interest is usury. How's it feel to be a dumbarse? Maybe we can get Merriam-Webster to put LWW in there under dumbarse.

02-21-2008, 05:07 PM
And your point, other than I knew the root meaning of the word and you didn't without looking it up, is exactly what?


02-21-2008, 05:22 PM
Just that you're the epitome of a dumbarse. Oh, and that you should have looked it up yourself before denigrating someone else since you obviously didn't know what the word's current meaning is.

02-22-2008, 04:54 AM
OK idiot boy, since you insist on being insulting as well as stupid ... here's the Cliff's notes:

1-Wolfie doesn't understand that ususry IS interest and interest IS usury.
2-I correct him.
3-You get someone who can use a dictionary to help your addled brain.
4-You post the definitions ... which just so happen to show I was right.
5-You lack the intellectual ability ... or personal integrity, maybe both ... to comprehend you wasted your time because I was right.
6-Like a complete jackaniiny you dance a victory dance oblivious to how stupid you are appearing.

Have a nice day. I will try to use only tiny words when I post to you.


02-22-2008, 12:28 PM
say, pea brain....I used usury in the meaning that Bill quoted to you....you can't have it both ways, trying to be a smart a**. While trying to promote yourself again as some intellect, you claim I don't understand the word, yet Bill e-x-p-l-a-i-n-e-d to you...
And trying to weasel your way out of painting your own dumb a** into a corner.....you're burning up brain cells that you can't afford to lose....
bbbbuttt, ggggoolly ggggeee...this stuff went over so well on AZB
Add something positive to the forum will you instead of this idiotic crap....grow up!!! nobody here is impressed with your self delusion of adequacy ....

02-22-2008, 12:31 PM
His point sweetpea, is that you don't know wtf you are talking about...your lips begin moving long before your brain goes into gear
Now try to act like an adult here...and apologize to Bill.
You'll feel better ....like when you were a 5 yr old and got all cleaned up after messing your pants.

02-22-2008, 01:02 PM
You guys remind me of the Black Knight in Monty Python.


02-22-2008, 01:17 PM
See, this is exactly what nearly everyone's problem with you here is. Your very narrow minded view of everything is not only keeping you from seeing the world as it really is, but it also is very insulting to everyone who has to listen to you putting them down for their view when it's obvious that you haven't the brain power to look at things objectively. Your opinion is almost always the superior one (in your view) which anyone with any intelligence can see can only be the attitude of someone that doesn't care about anyone but himself.

Now, about the usury thing. Wolfie called what the payday loan people do, usury. In this instance, he was using the definition of exorbitant (read too high) interest. Again, this is something that anyone of normal intelligence should be able to discern. Why I had to point it out to you when you made fun of him for using the word correctly, I'll have to chalk up to a complete lack of mental acuity on your part.

I'm sure everyone will agree that you are blessed. We've all read your life story (funny, nobody else feels the need to give their life story here) to support your dim view of most everything and as incredulous that it is that you've lived this long, not everyone in our country has been as blessed as you. There are people whose circumstances have caused them to need a quick infusion of cash. You can sit there on your supposedly superior a** and look down on them all you want, it does nothing but make you look like what you really are.

Even if I had never been in a situation in my life where I felt I needed to borrow money, I can think of myriad situations where a responsible, hard-working, and fiscally savvy person could be forced to use the services of one of these types of lenders. I can also see that the world is full of irresponsible people who have a very hard time making ends meet. It's called diversity, maybe you've heard of it. It's an integral part of the world we live in and I think it is also something that is fundamental to existence on almost every level.

Nobody expects to be able to borrow money without paying it back with interest (except maybe from Mom). Also, most people realize that the less likely someone is to be able to pay back a loan, the higher the interest rate they will have to pay because it will take more work on the part of the lender to collect what's owed. But anyone who thinks clearly about it can see that it can also turn into a downward spiral leading to bankruptcy for the borrower if they are not able keep up with the debt that they've accumulated. That's where the usury part comes in (remember we're using the most common modern definition here). There may be some justification for the interest rate on payday loans due to potential expense for collection, but it's a prime example of the many paying for the misdeeds/mistakes of the few. I'm sure that there are many people who need help to get to the next payday that repay the loan without any further effort on the part of the loan service. The paperwork can't be any worse than for a signature loan at a bank. Proportionately, the overhead would probably be a little higher. I posit that for the majority of the people who use a payday lender, the interest rate charged amounts to usury and that at least to some extent, the business is preying on people.

For check cashing, 30% is exorbitant.

It's probably too late for you to start learning, El Dumbo. But please do us all a favor, go find a forum for egotistical dumbarses and leave us be.

02-22-2008, 01:59 PM
Bill, anyone can Google "Usury Laws"...and figure out how the word is used in modern times.
Here's an excerpt from Wiki:
Usury and the law

"When money is lent on a contract to receive not only the principal sum again, but also an increase by way of compensation for the use, the increase is called interest by those who think it lawful, and usury by those who do not." (Blackstone's Commentaries on the Laws of England, p. 1336).

In the United States, usury laws are state laws that specify the maximum legal interest rate at which loans can be made. Congress has opted not to regulate interest rates on purely private transactions, although it arguably has the power to do so under the interstate commerce clause of Article I of the Constitution.

Congress has opted to put a federal criminal limit on interest rates by the RICO definitions of "unlawful debt" which make it a federal felony to lend money at an interest rate more than two times the local state usury rate and then try to collect that "unlawful debt".[9]

It is a federal offense to use violence or threats to collect usurious interest (or any other sort). Such activity is referred to as loan sharking, although that term is also applied to non-coercive usurious lending, or even to the practice of making consumer loans without a license in jurisdictions that require licenses.

lww jumped in on my original post for just one reason.
He is not on here to discuss anything in an adult manner....just trying to be insulting, and proving he is an intelleck....Hey he even took this test, thinking it was a Mensa exam....
web page (http://www.okcupid.com/tests/take?testid=15991776204732590010)

02-22-2008, 02:09 PM
I'm impressed. You can spell it with the cut and paste feature.

Now, which one of you bites me on the ankle?


02-22-2008, 02:41 PM
Can I give you some friendly advice?
Stop trying to measure your self-worth, by measuring it against others...after first trying to bring them down near your level.
You came off looking like a dumb/smart a**, and completely wrong re
a post that didn't need your commentary to begin with.
So tuck your tail in between your legs and scurry off.
won't be the last time you've been made to look like a fool..but it ain't the end of the world either.

02-22-2008, 04:18 PM
I think this is quite a petty argument really but alas here we are. /ccboard/images/graemlins/smile.gif I agree the current most used definition of usury is that of exorbitant interest rates. The wiki that is provided though uses the word usury as simply an synonym for interest rate. The usury (interest rate) laws are in place to specify the max interest rate.


02-22-2008, 10:38 PM
Excellent post.

1archaic : interest2: the lending of money with an interest charge for its use; especially : the lending of money at exorbitant interest rates3: an unconscionable or exorbitant rate or amount of interest; specifically : interest in excess of a legal rate charged to a borrower for the use of money <hr /></blockquote>

Wolf's usage of the word is actually confirmed by LLW's link! LOL [ What a surprise!]
As usual, he cut and pasted [ and edited] the complete definition because the rest of it didn't support his stance.


02-24-2008, 01:43 PM
Now, which one of you bites me on the ankle?

I think Bill pointed out that you bit yourself in the a**.