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Food for thought. Knee-jerk condemnation of "loan sharking" and "usury" seems universal these days, yet the "Checks Cashed" outlets are hugely popular.
1 posted on 12/14/2005 11:53:56 AM PST by Shalom Israel
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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)
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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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