Are payday loans legal in ct - Pueblo

Located on a busy high street in North London, the shop looks like most other payday loan outlets, with computer-generated cartoons and rounded fonts announcing catchphrases like “Payday Loans 4 Kids” and “Get out of debt with a loan.” Inside, children can hang out in the branded play area and load up on free sweets before applying for a pocket money advance at the counter, bouncing high enough on the provided trampoline to read the small print on their credit agreements.,The reaction to the shop has been interesting. While most people realized it was piece of satire early on, those who believed it was real were generally unsurprised that an industry as ethically bankrupt as payday lending would stoop to something as low as this. It was a strange feeling, all the same, to receive hate mail from people I agreed with.
Yes, it is immoral to advertise loans to children. But the point is that I’m not the only one doing it.,I think it’s quite clear that payday lenders operate without a shred of ethical decency. They function among us as legal loan sharks, encased behind a veneer of cheerful graphic design.

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Justifying their extortionate rates, they claim that they only offer very short-term loans, which are supposed to be paid back within a few days or weeks. But in reality they don’t want us to pay them back on time.
Their entire business model relies on the majority of their customers failing to repay, to rack up late fees upon late fees, compounding interest upon interest.

Its an exponentially growing financial parasite, feeding off the customer’s solvency until it fully overpowers and destroys the host.,Into this predatory business model are added a cacophony of diabolical marketing techniques. Regularly deceitful in their obfuscation (a “Peachy Loans” radio advert announced their interest rate of 1,918 percent APR as “nineteen eighteen percent), they also deliberately use and target children throughout their advertising as a way to influence parents while cynically grooming a new generation of loan-hungry customers.,With austerity in the UK and elsewhere continuing to disembowel welfare programs, and with the neoliberal consensus forcing the state to retreat further from the spheres in which it once protected the less fortunate, it is left to the market to fill the gaps in social need.
Payday loan companies have turned our safety net into the net of a fishing trawler, ensnaring those who struggle at the bottom and processing them into bone meal to feed an insatiable economy.

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