Republicans want to Usury to be legal

[eliteballer]

https://www.yahoo.com/news/payday-lenders-aim-evade-federal-144051241.html

Unbelievable.

[TeflonDonTrump]

https://www.yahoo.com/news/payday-lenders-aim-evade-federal-144051241.html

Unbelievable.

Sounds like people who cant open a bank account would use these types of services. So you are talking about people who have bigger issues on their hands.

[eliteballer]

Sounds like people who cant open a bank account would use these types of services. So you are talking about people who have bigger issues on their hands.

Poverty exists. Sorry that's an inconvenient truth for republicans.

[Patrick Chewing]

Poverty exists. Sorry that's an inconvenient truth for republicans.

Since when do Democrats care about poverty?? :oldlol::oldlol::oldlol:

[eliteballer]

Since when do Democrats care about poverty?? :oldlol::oldlol::oldlol:

Oh they do, more than "tax cuts for the rich" republicans.

I like how you didn't deny republicans don't care about poverty..but instead attacked democrats.

Typical republican attack instead of offering solutions.

[Nanners]

:oldlol:

Remind me, when was the last time a democrat politician tried to make usury illegal? Hell, when was the last time a dem politician said that usury should be illegal?

[eliteballer]

:oldlol:

Remind me, when was the last time a democrat politician tried to make usury illegal? Hell, when was the last time a dem politician said that usury should be illegal?

It's insane how bought and paid for republicans are.

[Long Duck Dong]

If you're poor but have excellent credit you'll have no problem getting lending at decent rates. No one wants to lend to people that have had 2 cars repo'd and haven't paid the minimum on their credit card for 3 months.

That's where these vultures come in. No credible lender is going to lend money to these deadbeats so there's an opportunity for them. But you can bet your bottom dollar, if these lenders go away, the Dems are then going to go crying there's no lending available to the "poor" just like they did in the early 2000s when they were "missing out" on the opportunity to buy homes they couldn't afford. :lol

[TeflonDonTrump]

If you're poor but have excellent credit you'll have no problem getting lending at decent rates. No one wants to lend to people that have had 2 cars repo'd and haven't paid the minimum on their credit card for 3 months.

That's where these vultures come in. No credible lender is going to lend money to these deadbeats so there's an opportunity for them. But you can bet your bottom dollar, if these lenders go away, the Dems are then going to go crying there's no lending available to the "poor" just like they did in the early 2000s when they were "missing out" on the opportunity to buy homes they couldn't afford. :lol

Thats how stupid elite is

[eliteballer]

If you're poor but have excellent credit you'll have no problem getting lending at decent rates.

This statement just shows how uneducated and detached from reality you are.

It's like saying "if you're uneducated but have an excellent high paying corporate job you should have no problem buying a car/house".

Poor people have many structural barriers to getting excellent credit.

Unbelievable idiocy:roll:

[eliteballer]

It's funny how not one of the conservative clowns posting in here has denounced Usury or tried to deny Republicans are for it by being bought and paid for by the predatory lending industry:roll:

[Long Duck Dong]

This statement just shows how uneducated and detached from reality you are.

Poor people have many structural barriers to getting excellent credit.

Unbelievable idiocy:roll:

You're right. Bad credit just fell out of the sky and hit these poor people in the head. They had nothing to do with it.


It's like saying "if you're uneducated but have an excellent high paying corporate job you should have no problem buying a car/house


You know Mr. Educated, there used to be a time not too long ago where dumb people were held accountable for their own actions. Or at least not made into victims. You don't have to be poor and have bad credit, you can make good money and not have good credit. But what's point, you see victims and injustice at every turn with no real world solutions. I'm wasting my text on you

[eliteballer]

You're right. Bad credit just fell out of the sky and hit these poor people in the head. They had nothing to do with it.



You know Mr. Educated, there used to be a time not too long ago where dumb people were held accountable for their own actions. Or at least not made into victims. You don't have to be poor and have bad credit, you can make good money and not have good credit. But what's point, you see victims and injustice at every turn with no real world solutions. I'm wasting my text on you

Just like I thought. You've got nothing:roll: Your lame ass blanket statement talking points aren't fooling anyone.

Keep offering your solutions in the form of thoughts and prayers.

[eliteballer]

It's funny how not one of the conservative clowns posting in here has denounced Usury or tried to deny Republicans are for it by being bought and paid for by the predatory lending industry:roll:

:eek:

[Long Duck Dong]

Just like I thought. You've got nothing:roll: Your lame ass blanket statement talking points aren't fooling anyone.

Keep offering your solutions in the form of thoughts and prayers.

If you want to crack down on these lenders go ahead. I never said you shouldn't. Just don't be then crying that deadbeat debtors have nowhere to turn for lending.

The funny thing is I have lent/advanced LOTS of poor people money to buy homes, business equipment and for emergencies. I have also postponed payments I'm owed so people could get back on their feet. In rare instances I've even forgiven debt to someone who keeps trying to make payments even though they are in dire hardship, out of pure respect for these individuals.

I'm willing to bet other than lending a few bucks to a family member, you haven't done shit yourself to help poor people. You are a taker, not a giver. You only complain about injustice to fill a void in your pathetic life

[Nanners]

If you want to crack down on these lenders go ahead. I never said you shouldn't. Just don't be then crying that deadbeat debtors have nowhere to turn for lending.

The funny thing is I have lent/advanced LOTS of poor people money to buy homes, business equipment and for emergencies. I have also postponed payments I'm owed so people could get back on their feet. In rare instances I've even forgiven debt to someone who keeps trying to make payments even though they are in dire hardship, out of pure respect for these individuals.

I'm willing to bet other than lending a few bucks to a family member, you haven't done shit yourself to help poor people. You are a taker, not a giver. You only complain about injustice to fill a void in your pathetic life

your comments about "cracking down on lenders" is clearly intended to be a thinly veiled antisemitic attack... how dare you

[eliteballer]

The funny thing is I have lent/advanced LOTS of poor people money to buy homes, business equipment and for emergencies. I have also postponed payments I'm owed so people could get back on their feet. In rare instances I've even forgiven debt to someone who keeps trying to make payments even though they are in dire hardship, out of pure respect for these individuals.


Oh....thanks for proving my point about poor people needing help. Which predatory lenders take advantage of.

Thanks for obliterating your own first post in this thread.

Next.

[Long Duck Dong]

your comments about "cracking down on lenders" is clearly intended to be a thinly veiled antisemitic attack... how dare you

https://media.tenor.com/ihrIvE6YsTAAAAAC/you-got-me-walter-white.gif

[Baller234]

you mean poor people with low income and unestablished credit have a tough time getting a loan with a low interest rate??

https://media.tenor.com/9L9YPkxpjm0AAAAM/john-cena.gif

[eliteballer]

Leave it to the dopes and republicans to simplify issues.

Poor and desperate people (example: a health issues strikes a family, and they need to desperately take a loan for whatever reason) are susceptible to PREDATORY loans.

[Baller234]

Leave it to the dopes and republicans to simplify issues.

Poor and desperate people (example: a health issues strikes a family, and they need to desperately take a loan for whatever reason) are susceptible to PREDATORY loans.

what other loans should they be eligble for?

a homeless bum asks you for $100 and says he'll pay you back in a month. are you going to give it to him?

i mean what the fukk are you even saying. this is basic shit.

[eliteballer]

what other loans should they be eligble for?

a homeless bum asks you for $100 and says he'll pay you back in a month. are you going to give it to him?

i mean what the fukk are you even saying. this is basic shit.

So you do support Usury.

Embracing your evil and proving my point.

[Baller234]

So you do support Usury.

Embracing your evil and proving my point.

way to run from the question from hand.

how often do you personally lend your own money to poor people with bad credit? once a week? once a month?

tell us since you're so compassionate.

[eliteballer]

way to run from the question from hand.

how often do you personally lend your own money to poor people with bad credit? once a week? once a month?

tell us since you're so compassionate.

You've embraced Usury and your own evil.

Who's next.

[Baller234]

You've embraced Usury and your own evil.

Who's next.

no, you just have zero understanding of basic economics.

and thanks for refusing to answer the question and showing us all that you would never assume that same risk yourself.

[eliteballer]

no, you just have zero understanding of basic economics.

and thanks for refusing to answer the question and showing us all that you would never assume that same risk yourself.

Who said I wouldn't lend to someone in need? Especially given my creation of this thread and position in it.

You clearly don't have the cognitive skills to understand what's being discussed.

Hence your embrace of Usury and evil.

[Baller234]

Who said I wouldn't lend to someone in need? Especially given my creation of this thread and position in it.

You clearly don't have the cognitive skills to understand what's being discussed.

Hence your embrace of Usury and evil.

so a total stranger you've never met before asks to borrow a large sum of money, and you would lend it to him?

what if he can't prove his income? how can you be assured you're going to get your money back? what interest rate do you charge?

don't back out now. you asked for this conversation. answer the questions and be specific.

[eliteballer]

so a total stranger you've never met before asks to borrow a large sum of money, and you would lend it to him?

what if he can't prove his income? how can you be assured you're going to get your money back? what interest rate do you charge?

don't back out now. you asked for this conversation. answer the questions and be specific.

You don't even know what a predatory loan is (check your first post in this thread):roll:

You've embraced evil, you can't be reasoned with.

Repent and seek salvation, then you can talk.

[Baller234]

You don't even know what a predatory loan is (check your first post in this thread):roll:

You've embraced evil, you can't be reasoned with.

Repent and seek salvation, then you can talk.

can i ask why you refuse to answer those very simple questions?

you asked for this conversation. i don't see why you wouldn't want to answer those questions to prove how selfless and compassionate you are.

come on, don't be shy. tell us your loaning criteria for a total stranger with low income and no credit. we're all dying to know.

[eliteballer]

can i ask why you refuse to answer those very simple questions?

you asked for this conversation. i don't see why you wouldn't want to answer those questions to prove how selfless and compassionate you are.

come on, don't be shy. tell us your loaning criteria for a total stranger with low income and no credit. we're all dying to know.

You don't even understand the delineation between a high risk borrower and a predatory loan:roll:

[Baller234]

You don't even understand the delineation between a high risk borrower and a predatory loan:roll:

them being a high risk borrower is precisely why they don't qualify for a standard loan genius.

https://media.tenor.com/IA2I61CmmpsAAAAM/dwayne-wade-slam-dunk-contest.gif

[eliteballer]

them being a high risk borrower is precisely why they don't qualify for a standard loan genius.

https://media.tenor.com/IA2I61CmmpsAAAAM/dwayne-wade-slam-dunk-contest.gif

....you don't understand the difference:roll:

[Baller234]

....you don't understand the difference:roll:

what other type of loan is a high risk borrower going to qualify for?

you haven't explained that part.

[eliteballer]

what other type of loan is a high risk borrower going to qualify for?

you haven't explained that part.

Think real hard, just don't hurt yourself.

A high risk borrower doesn't HAVE to be subject to a predatory loan in conceptual terms, hence the name predatory. Go read about predatory loans and interest rates.

Now that you've been educated little one, seek salvation after embracing your evil:roll:

[Baller234]

Think real hard, just don't hurt yourself.

A high risk borrower doesn't HAVE to be subject to a predatory loan in conceptual terms, hence the name predatory. Go read about predatory loans and interest rates.

Now that you've been educated little one, seek salvation after embracing your evil:roll:

wait a minute, are these lenders forcing a gun to their head and demanding they sign the dotted line? or are these poor hapless victims willingly signing up for these loan products under their own accord?

if you believe the loans are too predatory, then you are obligated to explain what other type of loan should exist in it's place. if you won't do that, which clearly you can't, then what are you even complaining about??

you are just yelling at clouds. whining about something without offering up any type of viable alternative.

[eliteballer]

wait a minute, are these lenders forcing a gun to their head and demanding they sign the dotted line? or are these poor hapless victims willingly signing up for these loan products under their own accord?

if you believe the loans are too predatory, then you are obligated to explain what other type of loan should exist in it's place. if you won't do that, which clearly you can't, then what are you even complaining about??

you are just yelling at clouds. whining about something without offering up any type of viable alternative.

You literally do not understand what makes a predatory loan predatory and why they don’t *need*to exist:roll:

[Baller234]

You literally do not understand what makes a predatory loan predatory and why they don’t *need*to exist:roll:

i know plenty about them. i know plenty of people who worked in those industries and sold high interest cash advances. both to businesses and to individuals.

yes they are awful products. yes you are retarded if you apply for one. and??? what is your point here??? some people have no other options. people are free to make their own poor decisions. nobody is forcing them.

i am all for regulation and ensuring that lenders aren't tacking on additional fees just for the sake of it, but sorry i don't think the government has the right to get involved in a personal business transaction of this nature. person A is lending money that person B wants, hence person A gets to dictate the terms. person B doesn't have to sign the dotted line.

you aren't fooling anyone with your holier than thou act.

[eliteballer]

i know plenty about them. i know plenty of people who worked in those industries and sold high interest cash advances. both to businesses and to individuals.

yes they are awful products. yes you are retarded if you apply for one. and??? what is your point here??? some people have no other options. people are free to make their own poor decisions. nobody is forcing them.

i am all for regulation and ensuring that lenders aren't tacking on additional fees just for the sake of it, but sorry i don't think the government has the right to get involved in a personal business transaction of this nature. person A is lending money that person B wants, hence person A gets to dictate the terms. person B doesn't have to sign the dotted line.

you aren't fooling anyone with your holier than thou act.

Way to dance around the fact that you have no idea what we're supposedly talking about:roll:

It's the interest rate dopey. Predatory interest rates are *NOT* unavoidable in structural terms.

G'night!

[Baller234]

Way to dance around the fact that you have no idea what we're supposedly talking about:roll:

It's the interest rate dopey.

G'night!

i already asked you what interest rate would be fair yet you conveniently chose to dodge the question.

i'm guessing you won't be answering any time soon either. you just want to piss and moan and claim moral superiority without providing a reasonable alternative.

[Baller234]

hey eliteballer, are you ever going to disclose the terms and conditions of your proposed magical low interest rate loan?

[SATAN]

How is this Balless234 guy so wrong about everything always? :oldlol:

Who's alt is this?

And don't bother replying to me I blocked you long ago. :pimp:

[eliteballer]

hey eliteballer, are you ever going to disclose the terms and conditions of your proposed magical low interest rate loan?

You don’t know what a predatory loan or interest rate is, how they are not the same thing as a high interest loan or a loan to a high risk borrower. You literally do not understand that they are two different things :roll:

[Baller234]

You don’t know what a predatory loan or interest rate is, how they are not the same thing as a high interest loan or a loan to a high risk borrower. You literally do not understand that they are two different things :roll:

lol, i've worked in finance adjacent industries for 13 years buddy. i know guys who were hard money lenders and i also know guys who were brokers for even bigger hard money lenders. i know all about these "predatory" type loans. they had a loan product that they would sell to retail owners where they fronted you the money and then they took a percentage of your daily credit card sales. they would install their own credit card machine in the store.

the solution you are looking for is magical and doesn't exist. you want poor people to have access to safe, low interest money but you can't explain how anyone is supposed to accomplish this. and when someone calls you out on this, you deflect and call them bad people. even though they are just pointing out the flaw in your argument.

i got news for you. most of the people taking these loans out are not just poor innocent saps who are down on their luck. they are mostly degenerates who have fukked up lives and are desperate for quick cash. trust me when i tell you they aren't using it to pay grandma's hospital visit or for their daughter's school supplies. normal people who have their shit together and would never resort to such drastic measures for some quick cash. and if they do, they understand and acknowledge the terms before they sign up.

like i said, i am all for making sure that these animals can't just tack on endless fees. because i've seen that too. but high interest rate loans aren't a bad thing judged purely by themselves. nobody is forced to sign up.

[eliteballer]

You literally have no f*cking idea what your talking about:roll: Like earlier “I hAvE FRiends in MaNy inDuStries” :lol Nice use of broad and vague terms to cover up the fact that you have no clue what is being discussed. the alternatives are loans at lower interest rates that people can pay back, not soul crushing interest rates at predatory levels. You have no clue that predatory rates are not a structural requirement to doing business:roll:

[Baller234]

You literally have no f*cking idea what your talking about:roll: Like earlier “I hAvE FRiends in MaNy inDuStries” :lol Nice use of broad and vague terms to cover up the fact that you have no clue what is being discussed. the alternatives are loans at lower interest rates that people can pay back, not soul crushing interest rates at predatory levels. You have no clue that predatory rates are not a structural requirement to doing business:roll:

okay so put your money where your mouth is.

pretend you are a lender and you have $100k in hard money to lend out. a total stranger asks for a loan of $7k. you notice that he earns very little income, doesn't have a bank account and has zero established credit.

since you are so caring and compassionate, explain to the rest of us the terms and conditions of your proposed loan. we are dying to know.

[eliteballer]

okay so put your money where your mouth is.

pretend you are a lender and you have $100k in hard money to lend out. a total stranger asks for a loan of $7k. you notice that he earns very little income, doesn't have a bank account and has zero established credit.

since you are so caring and compassionate, explain to the rest of us the terms and conditions of your proposed loan. we are dying to know.

Keep digging your hole deeper. If that’s the “loan scenario” you’re presenting you have no idea how loans work, the required information, how interest rates work, or what predatory loans are:roll::roll::roll:

[Baller234]

Keep digging your hole deeper. If that’s the “loan scenario” you’re presenting you have no idea how loans work, the required information, how interest rates work, or what predatory loans are:roll::roll::roll:

lmao i have no idea how predatory loans work. i literally just told you how they work first hand.

if you're so smart and have all the answers, why can't you tell us your how loan works? what are your terms? what is your interest rate? what is your approval process? i've asked you multiple times now.

i already know what your go-to move is. you're either going to totally ignore me and keep dodging the question or you're going to say something like "derrr i don't want to waste time explaining myself because you wouldn't understand lolol :roll::roll:"

if i am wrong then prove it to me and let's have a grown up discussion. tell us how your loan works and tell us how you plan on being paid back.

[eliteballer]

Not wasting my time anymore with some kid who lives on the board and doesn’t understand how the real world works:roll:

[eliteballer]

Here’s your answer skippy: no one could possibly answer your question with the parameters, or should I say lack of parameters you’ve provided. Only a kid with no idea of how the real world works would present such a basic ass scenario and question:roll:

[Baller234]

lmao i have no idea how predatory loans work. i literally just told you how they work first hand.

if you're so smart and have all the answers, why can't you tell us your how loan works? what are your terms? what is your interest rate? what is your approval process? i've asked you multiple times now.

i already know what your go-to move is. you're either going to totally ignore me and keep dodging the question or you're going to say something like "derrr i don't want to waste time explaining myself because you wouldn't understand lolol :roll::roll:"

if i am wrong then prove it to me and let's have a grown up discussion. tell us how your loan works and tell us how you plan on being paid back.


Not wasting my time anymore with some kid who lives on the board and doesn’t understand how the real world works:roll:


https://media2.giphy.com/media/3ohc172JJbbmUfVxhS/giphy.gif?cid=ecf05e47865xoinvk211i4hjsc4vlxyc4ve7 5yq87acqi3oq&ep=v1_gifs_search&rid=giphy.gif&ct=g

[eliteballer]

Facts kiddo:roll:

[Baller234]

"hey if i fill my posts with laughing emojis maybe it will look like i'm not really bothered and i can keep avoiding having to defend my insane arguments..."

[eliteballer]

You have no idea what we’re supposed to be talking about and it’s on display for everyone to see. Stick to playing with legos kid:roll:

[Baller234]

"i'm done wasting my time with this guy..."

:: proceeds to post several times more and yet still avoid having to defend his argument ::

[eliteballer]

Nothing to defend against a kid who doesn't understand basic finance:roll:

[Baller234]

Nothing to defend against a kid who doesn't understand basic finance:roll:

"i'm done wasting my time with this guy..."

... he says after continuing to post nonsense in post after post.

[eliteballer]

"i'm done wasting my time with this guy..."

... he says after continuing to post nonsense in post after post.

Oh, I'm done "debating" with you. I'm just making fun of you now:roll:

You thought you'd get cute and wade into a topic you know nothing about and try to sound smart.

Got called out for what you are: a kid who has no idea how the real world works and doesn't know sh!t about the topic at hand:roll:

[Baller234]

Oh, I'm done "debating" with you. I'm just making fun of you now:roll:

You thought you'd get cute and wade into a topic you know nothing about and try to sound smart.

Got called out for what you are: a kid who has no idea how the real world works and doesn't know sh!t about the topic at hand

translation:

https://media.tenor.com/uplMRu-GrnEAAAAM/n3gat1ve-simon.gif