Making a much bigger impact now than the 90's i remember that is this theme PAYDAY LOAN SHARKS, caused by the many new millions and more every first world country not able to now make all their monthly big bill payments . they also likely have now topped up their cc's to their limits, and then what!
This one you can also give a huge part of the 'credit' to those POS politicians, who iirc in the late 1980's enacted/passed REMOVED COMPLETELY THE UPPER LIMIT interest rate allowed on all/any credit/debt. I think it was about 25-30% max then. (i was too young then but also no inet, and found out this trivia after the inet came online) Check out what these ANNUALIZED rates work out to.
The Predatory World of Payday Loans Cara Nicole 17 minutes https://www.youtube.com/watch?v=-LfQu8YD7Zk 234K views 2 months ago
Making a much bigger impact now than the 90's i remember that is this theme PAYDAY LOAN SHARKS, caused by the many new millions and more every first world country not able to now make all their monthly big bill payments . they also likely have now topped up their cc's to their limits, and then what!
ReplyDeleteThis one you can also give a huge part of the 'credit' to those POS politicians, who iirc in the late 1980's enacted/passed REMOVED COMPLETELY THE UPPER LIMIT interest rate allowed on all/any credit/debt.
I think it was about 25-30% max then.
(i was too young then but also no inet, and found out this trivia after the inet came online)
Check out what these ANNUALIZED rates work out to.
The Predatory World of Payday Loans
Cara Nicole
17 minutes
https://www.youtube.com/watch?v=-LfQu8YD7Zk
234K views 2 months ago