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Sign of the times...


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I took this picture after an inspection today while sitting at a red light. I just could not help to think about those "Cash for Title" stores. Yes, it looks like even the Amish are having a hard time with the economy.

I wounder how much they loan on a 100 year old buggy and horse?

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I took this picture after an inspection today while sitting at a red light. I just could not help to think about those "Cash for Title" stores. Yes, it looks like even the Amish are having a hard time with the economy.

I wounder how much they loan on a 100 year old buggy and horse?

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tn_20091012185927_IMG_6730.jpg

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Methinks the buggy might be worth a few shekels. A hundred year old horse...not so much!
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Out of curiosity I checked out Advance America payday loans. It's 572.26% APR on their standard 14 day loan!!! That's the minimum APR (it's over 1000% APR if you pay it back in 8 days). Talk about preying on the vulnerable. I don't think Vinnie the Loan Shark charges that much.

The Amish may be a little odd, but they're not stupid. I'm guessing they are shopping for buggy air fresheners in the Dollar store.

Great photo tho!

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Out of curiosity I checked out Advance America payday loans. It's 572.26% APR on their standard 14 day loan!!! That's the minimum APR (it's over 1000% APR if you pay it back in 8 days). Talk about preying on the vulnerable. I don't think Vinnie the Loan Shark charges that much.

The Amish may be a little odd, but they're not stupid. I'm guessing they are shopping for buggy air fresheners in the Dollar store.

Great photo tho!

In all seriousness, payday lenders are a real abomination. They've outlawed them here. As Richard said, they prey on the most vulnerable...making pawn shops look positively beneficent by comparison.
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Out of curiosity I checked out Advance America payday loans. It's 572.26% APR on their standard 14 day loan!!! That's the minimum APR (it's over 1000% APR if you pay it back in 8 days). Talk about preying on the vulnerable. I don't think Vinnie the Loan Shark charges that much.

The Amish may be a little odd, but they're not stupid. I'm guessing they are shopping for buggy air fresheners in the Dollar store.

Great photo tho!

I now have a new interest rate model for when people "forget" their checkbooks. Thanks Richard!

- Jim Katen, Oregon

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Out of curiosity I checked out Advance America payday loans. It's 572.26% APR on their standard 14 day loan!!! That's the minimum APR (it's over 1000% APR if you pay it back in 8 days). Talk about preying on the vulnerable. I don't think Vinnie the Loan Shark charges that much.

The Amish may be a little odd, but they're not stupid. I'm guessing they are shopping for buggy air fresheners in the Dollar store.

Great photo tho!

WOW!!!! I had no idea those places charged that kind of interest. I'm pretty sure that it's against the law to charge more than 29.9% on anything here in Canada.

-Brad

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