Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Working Poor

(18,635 posts)

18. At 400% (without payments) the balance doubles every 66 days

Tue Aug 16, 2016, 04:41 PM

Aug 2016

A similar rate to what you would get from a shark of about 10 points a week.

Edit history

Please sign in to view edit histories.

0 members have recommended this reply (displayed in chronological order):

21 replies

= new reply since forum marked as read

Highlight:

Does anyone have experience with payday loans? [View all] shadowrider Aug 2016 OP

How much does he need? JustAnotherGen Aug 2016 #1

He needs shadowrider Aug 2016 #3

Been there. Won't do it again. Not worth it. Lilyhoney Aug 2016 #2

Thanks n/t shadowrider Aug 2016 #5

Wow. Thanks n/t shadowrider Aug 2016 #7

Done it once anoNY42 Aug 2016 #6

I didn't ask him how much he'd pay back a week shadowrider Aug 2016 #8

I don't know. shadowrider Aug 2016 #10

I asked him about that shadowrider Aug 2016 #13

Keep us posted, shadowrider. This is a difficult spot to be in. Squinch Aug 2016 #14

I've been there shadowrider Aug 2016 #15

An update shadowrider Aug 2016 #19

Tell him to be careful discntnt_irny_srcsm Aug 2016 #16

Higher than that shadowrider Aug 2016 #17

At 400% (without payments) the balance doubles every 66 days discntnt_irny_srcsm Aug 2016 #18

The difference being shadowrider Aug 2016 #20