I am going to make a post here with my opinions on the Payday Loan industry. Most people aren't going to agree with me, I'm sure. But, I am speaking as someone with experience with these companies.
The main argument seems to be that with the passing of HB 281 Ohioans have been robbed of a viable source of credit.
Let's look at something here...
They claim that 90% of people who take PDLs are not repeat customers... or only take out one and pay it right back.
Where did they come up with this? This must be "research" from the actual PDL companies trying to save face. But let's be real....
Most people take out payday loans in financial crisis. And during a financial crisis all you think about is making ends meet. For instance, we got trapped in them because our car's rack and pinion was shot. We NEEDED our car, with two kids, and hubby needing to get to and from work (and before you argue public transportation, we do not have 24/7 reliable public transportation in this county). So we took out 1200 in payday loans thinking "we can pay these off". We took 300 from 4 different locations.
These quickly grew to 600 a piece, because between having to pay off the 15 dollars per 100 that we borrowed, the fees that we accrued made it impossible to not have to keep borrowing more and more to pay off the first.
Now let's do the math:
600+ 110 fee (this includes tax on top of the 90 dollar payback fee)=710 dollars.
710 x 4=$2810
This is what we paid every month. Essentially we were paying $440 a month to borrow no money at all (because you pay off what you borrowed up front). $440 a month to BREAK EVEN.
That is more than my car payment and insurance. If you figure you end up actually borrowing 600 a month x 12= $7200 a year.
But!
The fees are $440/mo x 12=$5280 a year.
But really, are you borrowing 600 a month? Think of it this way.
I take out 600 from #1- I pay back 710. I am behind 110. So I take 600 out from #2 and pay it off... 710- I'm now behind 220. Number 3- another 600- 710 to pay off... I'm down 330... and so on. So with 4 of them, I'm not really getting any extra money, just fees of 440 coming out of my income.
So in reality, I am paying $5280 per year for 2400 dollars. Let's figure out that percentage rate shall we?
220% annual percentage rate.
That's where they get their rates from- from repeat borrowers, from the MAJORITY of people who use these services. Ever notice where these companies are located? Lower-class areas. They prey on people who are desperate. Sure, you can argue responsibility in borrowing money- but you know what? People forget about responsibility in borrowing when it comes down to having a car or feeding their kids or paying rent.
Personally, I think they should all be outlawed. Why? Because they prey on people! The debt consolidation company we are working with said they work with PDLs more often than ANY OTHER INDUSTRY when it comes to people's debt. We have to still pay 450 a month JUST TO PAY OFF what we have borrowed, and we won't have it paid off until December! That's a huge chunk of someone's income. The PDL companies are not interested in working with you to pay off your debt. They want their money right then and there. We were left with no other option- and even with PDLs we still struggle to make ends meet. Are they a Godsend? Hell fucking no they aren't, and don't let any asshole who's never borrowed from one convince you that they are.
What needs to be done is more options to people with bad credit to get credit, but the bottom line is... we need to take care of our own people. People who work their asses off everyday and their jobs get sent overseas and they are left with nothing to fall back on but a minimum wage job at McD's. That's the problem with society- we are all dispensible. And guess what, righties? YOUR party is mostly responsible. You can thank trickle-down economics for that one.
So while people bitch about HB 281 passing, I sit and cry as I watch the middle class disappear and the poorer get poorer in the hands of the same people who cry foul that yet another loan sharking industry is put out of business. I wonder what all the people in the states that don't allow payday loans do when times get tough? Amazing that most have economies better than Ohio's. Hmmm... how interesting.
Monday, June 16, 2008
Friday, June 13, 2008
Fat Women and Fake Confidence
Am I the only one who is absolutely annoyed by all these fat women on myspace with nasty titty shots and headlines like, "Officially rated thick"? I mean, seriously... no one wants to see your flapjack fat-girl droopy-boobs. Or at least do us a favor and buy a wonderbra? And why is it that they all seem to be B-cups on a 300 pound body? Is this a new trend? Huge chicks with tiny tits? I mean really now... padded bras people! Water bras! Ever heard of them?
I think the most annoying part about it is that being fat myself, I know you don't TRULY love your body for what it is. I have accepted what I am, and I may be comfortable with myself, but I'm not going to falsely broadcast that I'm proud of what I've become. At least I have some excuses though- I'm pregnant with my 3rd child, I've had milk in my boobs for Christ's sake, and all I do is cook and clean and take care of kids all day. So yeah, I've let myself go a bit. But what about these 25 year old 300 pound nasties that have no excuse? Wait, they do... it's called MCDONALDS, BURGER KING, WENDYS... oh, let's not forget HARDEES. Avoid the drive-thru, ladies. It works wonders. I know from experience.
Officially rated thick? No, you're just a lazy fatass. You sit around, stuffing Hostess cupcakes into your mouth at your desk job (if you even have a job), then go home, throw on some low-cut top that's 5 sizes too small and about 2 gallons of makeup and take your myspace pics. Ah yes, always remember chin-up! We don't want to see how many chins you REALLY have.
Cute face, chubby waist? No, the cute face part doesn't exist. Maybe cute FACES, since you have enough there for at least two. And the chubby waist looks more like you swallowed a semi-truck tire. If you are proud of that, then I feel sorry for you. Nothing like being proud of the fact your ass is going to have a heartattack by age 40! Hurrah!
BBW? Big is right. Beautiful is debatable. And woman? Well, go get the broom so we can shove your gut out of the way to check for sure. Ugh. I just puked in my mouth a little bit.
This also brings me to all the fat women who try to squeeze into clothes from Abercrombie. STOP. PLEASE. FOR THE LOVE OF GOD. YOU ARE NOT A SIZE 14! Hell, you're not even a size 22! No one wants to see your love handles and spare tires. And wear shirts with sleeves for crying out loud. Arm jelly is NOT attractive, I don't care if it's 90 degrees out. And shorts? Anything above the calf should be outlawed for you... cellulite is not this season's fashion! Bleh. If this makes you as sick to your stomach as it makes me, avoid Wal-Mart at all costs.
And for those of you thinking, "Well, you're fat too," let's look at a few things here.
Yes, I am fat. But I also accomplished a weight-loss of 55 pounds before I got pregnant. That's quite an accomplishment, and I plan on doing the same once I have this baby.
Secondly, I don't broadcast my weight problem to the world.
Thirdly, my clothes fit.
So, as a fellow fat-person, I have every right to be disgusted by those who seem to ignore common decency. I should be able to go to the grocery store without tossing my cookies. As should anyone.
In closing, I think we all should stand together and fight for my right to hold in our lunch.
Who's with me?
I think the most annoying part about it is that being fat myself, I know you don't TRULY love your body for what it is. I have accepted what I am, and I may be comfortable with myself, but I'm not going to falsely broadcast that I'm proud of what I've become. At least I have some excuses though- I'm pregnant with my 3rd child, I've had milk in my boobs for Christ's sake, and all I do is cook and clean and take care of kids all day. So yeah, I've let myself go a bit. But what about these 25 year old 300 pound nasties that have no excuse? Wait, they do... it's called MCDONALDS, BURGER KING, WENDYS... oh, let's not forget HARDEES. Avoid the drive-thru, ladies. It works wonders. I know from experience.
Officially rated thick? No, you're just a lazy fatass. You sit around, stuffing Hostess cupcakes into your mouth at your desk job (if you even have a job), then go home, throw on some low-cut top that's 5 sizes too small and about 2 gallons of makeup and take your myspace pics. Ah yes, always remember chin-up! We don't want to see how many chins you REALLY have.
Cute face, chubby waist? No, the cute face part doesn't exist. Maybe cute FACES, since you have enough there for at least two. And the chubby waist looks more like you swallowed a semi-truck tire. If you are proud of that, then I feel sorry for you. Nothing like being proud of the fact your ass is going to have a heartattack by age 40! Hurrah!
BBW? Big is right. Beautiful is debatable. And woman? Well, go get the broom so we can shove your gut out of the way to check for sure. Ugh. I just puked in my mouth a little bit.
This also brings me to all the fat women who try to squeeze into clothes from Abercrombie. STOP. PLEASE. FOR THE LOVE OF GOD. YOU ARE NOT A SIZE 14! Hell, you're not even a size 22! No one wants to see your love handles and spare tires. And wear shirts with sleeves for crying out loud. Arm jelly is NOT attractive, I don't care if it's 90 degrees out. And shorts? Anything above the calf should be outlawed for you... cellulite is not this season's fashion! Bleh. If this makes you as sick to your stomach as it makes me, avoid Wal-Mart at all costs.
And for those of you thinking, "Well, you're fat too," let's look at a few things here.
Yes, I am fat. But I also accomplished a weight-loss of 55 pounds before I got pregnant. That's quite an accomplishment, and I plan on doing the same once I have this baby.
Secondly, I don't broadcast my weight problem to the world.
Thirdly, my clothes fit.
So, as a fellow fat-person, I have every right to be disgusted by those who seem to ignore common decency. I should be able to go to the grocery store without tossing my cookies. As should anyone.
In closing, I think we all should stand together and fight for my right to hold in our lunch.
Who's with me?
Wednesday, June 11, 2008
You mean you don't pee out of your vagina???
So I signed up on cafemom.com, right? I figure,hey- at least I can meet other moms and moms-to-be, strike up some meaningful conversation and whatnot. Blah blah. Upon reading some of the forums it hit me.
These people reproduce.
It was more frightening than humorous really. Seriously, you little sluts... just because you have the parts does not mean you are smart enough to contribute to the gene pool. In fact, if you don't know that urine never exits your vagina... well, all I can say is this: Go cull yourself. Do it in the most ridiculously painful way possible. I mean this. You are too stupid to live.
Unfortunately human rights interfere with darwinism and everyone thinks people should just have the right to have children. No, your inferior genetics simply pass on generation to generation and cause grief for my kids, my grandkids, and my great-grandkids. Do us a favor, please? Cut the uterus out. Snip snip for your idiot men. Pooping babies? What the fuck? Okay, first off, if Matt EVER said anything in regards to actually shitting the baby during labor, I'd surely not broadcast it. Secondly, by broadcasting it you're pretty much admitting you married an imbecile. So, what exactly does that say for you? Oh, it's adorable? The fact your husband is a complete dumbass is NOT adorable. It's downright disturbing. I'm surprised he knew which hole to stick it in... unless he didn't and needed direction, and well... frankly, we won't go there. Bad mental images.
I am going to keep this first blog short and sweet. You get my point. I don't need to spell it out for you.
These people reproduce.
It was more frightening than humorous really. Seriously, you little sluts... just because you have the parts does not mean you are smart enough to contribute to the gene pool. In fact, if you don't know that urine never exits your vagina... well, all I can say is this: Go cull yourself. Do it in the most ridiculously painful way possible. I mean this. You are too stupid to live.
Unfortunately human rights interfere with darwinism and everyone thinks people should just have the right to have children. No, your inferior genetics simply pass on generation to generation and cause grief for my kids, my grandkids, and my great-grandkids. Do us a favor, please? Cut the uterus out. Snip snip for your idiot men. Pooping babies? What the fuck? Okay, first off, if Matt EVER said anything in regards to actually shitting the baby during labor, I'd surely not broadcast it. Secondly, by broadcasting it you're pretty much admitting you married an imbecile. So, what exactly does that say for you? Oh, it's adorable? The fact your husband is a complete dumbass is NOT adorable. It's downright disturbing. I'm surprised he knew which hole to stick it in... unless he didn't and needed direction, and well... frankly, we won't go there. Bad mental images.
I am going to keep this first blog short and sweet. You get my point. I don't need to spell it out for you.
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