• Assian_Candor [comrade/them]
    ·
    6 months ago

    Payday loan apr is like 120% or something, feel really bad for that lady using them to buy food, it's the definition of unsustainable

    • came_apart_at_Kmart [he/him, comrade/them]
      ·
      6 months ago

      yeah that lady's situation is super depressing. payday loan places should be banned outright and small, short term lines of credit should be issued by the postal service at like cost. but the short term loan industry lobby is apparently one of the most potent forces on the hill, so I guess we're gonna have to loot them all, nationalize their holdings, and burn down their houses before roasting their bodies in the ashes because they made reform impossible.

      so sad.