How smart people buy and keep cars for the long term

Topical story of one poor schmuck:

Payday loan victim

I really feel for the guy; why the hell these scum are allowed to operate is a crime in itself.

 

While I do feel for him- what was he thinking!

Any entity who is going to give out a quick loan from a storefront operation is trouble!

Go to a Goodwill store - check your community for help, there are a number of church groups who routinely send out care bulletins to help people for home repair, ramps etc.

Community Action Groups and even many hospitals etc offer much help in these areas ....

Our Knights of Columbus group has a ministry to help individuals with medical needs.

The loan sharks and payday loans are acting legally ........ it is up to the individual to do their homework - understand what you are getting yourself into.

If people stop using the highway robbery loan services they will disappear on their own.

Governments can pass laws till the cows come home but if individuals continue to seek out these quick fast payday loans they are almost always going to have problems. .....and even if the government successfully shuts them down then the individuals will seek cheap easy loans form the black-market or other illegal entities.

The good news from the article is the guy received some help and some kind individuals bailed him out from his poor decision. Hopefully he learned an important lesson that someone his age should have learned many years ago before he got himself into this situation.

 

There we part.

 

If you are crossing a street who is responsible for making sure an oncoming car is not coming?

 

So the seniors that hand their banking info over to some huckster on the phone, got what they deserved? C'mon, apples and oranges.

 

Mendel, I respect you and like you and have enjoyed your post for years.
I do disagree with you on this one...but understand exactly where you are doming from and respect your position.
It is not an exaggeration to say I receive up to 15 scam calls a day.
I actually recently switched to an iPhone from a flip phone so I could enable call blocking where any number that is not in my contacts goes to voicemail.
There has to be some individual responsibility - it doesn't excuse the low lifes that offer the loans nor the Medicare/home health scam artist that deluge Medicare aged individuals with scam calls.

Note: I am a skin flint/cheapskate/penny pincher - the iPhone I am using is a cast off from one of my kids it is a 12 year old(I think) iPhone se 1st generation that they found inadequate when they were in high school - I ordered a new battery for it on ebay and installed it myself. It is now my 'smart phone and only people in my contacts list cause the phone to ring - all others go to voicemail.

 

we have consumer protection laws for many reasons, not just to protect the gullible from themselves.
but some are trying to dismantle them to favor big corporations