Payday lenders thrive in places legitimate banks will not set up shop. Banks won’t set up shop in these areas because racism. Payday lenders are usurious vultures filling a void. The one thing their victims have in common is lack of prior economic means. Calling them stupid or ignorant is equally ignorant. It’s not possible to use services that aren’t walking or bussing distance away if you’re poor enough that you choose a roof over your head over owning a car, because you only get paid enough to choose one.
4 Likes
