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"At first it just looked like a picture of a bunch of lily pads, but then I started scraping at it with my pocket knife and the whole painting just sort of spoke to me," Schmidt said. "For the first time, I finally understand what Monet was trying to get across in her work."
Myth: Payday lending is comparable to selling yourself into slavery.
Reality: Although there is a market need for slavery, people do not choose to sell themselves into slavery. Free choice is the difference between payday lending and slavery.
That really is one very well put-together site.
It's worth mentioning that usury laws outlaw any APRs over a certain percentage--and the 2-week postdated check is very much subject to that. The problem is that predatory lenders simply ignore those laws sometimes, and consumers are desperate so they swallow the blue pill and borrow the illegal money. Happily, the lenders often end up paying the price with heavy fines or jail time, and in a lot of cases the borrowers can "void the contract" and end up MAKING money or at least getting their money back by paying no interest.
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