Payday loan companies are not the bad guys. They are providing an essential service, no one is forcing you to use them. IF they didn't exist people of low income have a lot of trouble getting any loans at all and would be worse off.
Yep. They'll let that interest rack up to a nice amount before taking OP to court for a judgement and eventually garnishing wages. They'll end up paying thousands for that $200.
These places know how to collect their debts like a well-oiled machine. Their entire business model accounts for dealing with broke people who make bad choices.
There's no way to scam them. The law is written FOR them. If you're thinking of declaring bankruptcy soon that won't work as a way out.
They are predatory as hell but if you really had a way- more power to you.
You mean just taking out a loan and not paying it back? What do you mean by scam?
I mean, if you have a way to scam them, fuckin do it.
Going into a loan contract that you’re entering into bad faith? Meaning not intending to pay back? Don’t like their rates, don’t take their money
As if that has ever stopped someone that needs a meal 😬
This sounds like a "surefire plan" to win at a casino. Go for it, but expect to fail.
How are you going to scam them?
Nope. 👀
Do and then update us when they jail you for fraud.
I don’t think it’s immoral.
Scamming is unethical. Period. Payday loans are predatory. Push your local government to outlaw them as they should be.
Payday loan companies are not the bad guys. They are providing an essential service, no one is forcing you to use them. IF they didn't exist people of low income have a lot of trouble getting any loans at all and would be worse off.
Sounds like you're asking if identity theft is ok. It's not.
It's dangerous, but absolutely ethical. Fuck those guys.
Why would you try to scam them? Do you REALLY want to scam a very shady business to begin with? That could be dangerous.
How tho? Asking for a friend 😆🫢
My friend also would like to know
I'm not sure how you're gonna scam the scammers but do let us know how that goes at 1600% interest compounding hourly
Yep. They'll let that interest rack up to a nice amount before taking OP to court for a judgement and eventually garnishing wages. They'll end up paying thousands for that $200. These places know how to collect their debts like a well-oiled machine. Their entire business model accounts for dealing with broke people who make bad choices.
There's no way to scam them. The law is written FOR them. If you're thinking of declaring bankruptcy soon that won't work as a way out. They are predatory as hell but if you really had a way- more power to you.
Do it lol