Food for thought. Knee-jerk condemnation of "loan sharking" and "usury" seems universal these days, yet the "Checks Cashed" outlets are hugely popular.
To: Shalom Israel
How about the commercial that offers folks with bad credit a $700 computer for about $5,000 after the monthly payments?
2 posted on
12/14/2005 11:57:24 AM PST by
socal_parrot
(Tookie must die)
To: Shalom Israel
The interest rates charged by credit card companies used to be illegal and usury as well. But the credit card lobbyists became so powerful they got the laws changed.
40 years ago such rates as 20% were given only by loan sharks.
6 posted on
12/14/2005 1:01:08 PM PST by
Mark Felton
("Your faith should not be in the wisdom of men, but in the power of God.")
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