Dear Mr. Payday
Posted by Ryan Woods
The older generations talk negatively concerning playing cards, the lottery, or gambling in general. Those rank up there with debauchery, incest, and a few other big meaty words that have little place in conversation this century. Good Christians don't play poker...I'm not completely sure why, but I'm fairly confident that this was the mindset of the blue hairs of our day.
But here's my beef, and here's what I think our generation should freak out about that is an equivalent to what gambling represented to the previous generation. Payday loans. Yep, you got it. Check into Cash is evil. You think I'm being funny, but I'm not. At least gambling is fun, at least it's entertainment. Sure it preys on the poor, sure people get addicted to it, sure it's a waste of money, sure it often brings out the worst in a lot of people. But at least it can be used for civil and entertaining purposes too. But payday loans are worthless in every way. What a cash advance from leading payday loan places ends up costing is the equivalent to a nearly 400% APR! And think about it, where do you see these stores most? In the ghetto. In the trashier parts of town they are literally (not actually) on every single corner. In every way payday loans prey on the poor, they prey on people in a pinch who feel the need to make a poor choice, they provide an "easy" alternative that ends up costing people an arm and a leg...Ahh, I don't even want to talk about them any more. They piss me off.
Disclaimer #1: For those of you who choose to use payday loans, or for those of you who have done them don't think I'm calling you stupid or something like that. I'm not. But there is a better way than this. Payday loans are a rip off and they're screwing you over. There is a better way.
Disclaimer #2: As much as I hate payday loans, the problem isn't with them. The problem is the fact that there is one on every street corner because they're able to make it. Or in other words, they're here because we want them to be. If we didn't go there, they wouldn't exist. Still though, you're a scum bag Payday, a real scumbag. Leave us alone.