Time to terminate Cash Store.

JLM

Hall of Fame Member
Nov 27, 2008
75,301
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Vernon, B.C.
:shaking2:

Might be nice if jobs. (remember when we had some) paid enough to live on without these leeches. Before them it was the finance companies with their version of "payday loans"..........

Next time round I'm voting for Darkbeaver.:canada:

A Con in every pot. Bring oil to a boil slowly or until screaming stops.

The vast majority of people seem to be getting paid enough to survive without resorting to these crooks!
 

petros

The Central Scrutinizer
Nov 21, 2008
117,418
14,310
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Low Earth Orbit
Don't want to pay? Don't sign the contract.

If people who used these companies were good with their money, their banks would issue them lines of credit at prime +1 using the same PAD system "the sharks" use to make monthly payments.

Whose fault is it these people can't get credit?

Remember 2008 and all the problems with easy to get credit? It showed responsibility and ignorance is a problem with todays consumer.

All bills should be PAD to ensure all bills are paid on payday direct deposit.

If people can't prioritize then it's going to have to be done for them.


Maybe it's cash that is the problem?
 

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
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Northern Ontario,

PoliticalNick

The Troll Bashing Troll
Mar 8, 2011
7,940
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36
Edson, AB
Money Mart already underwent the class action suit in BC. It settled out of court before anything got rolling but they also changed the way they charge. Their interest rates were reduced to about 28%APR (inline with dept store cards) but their service charges were increased.

My opinion.....These companies know what they do is prey on the poor and those in trouble. They are sharks of the worst kind and it is a horrible statement on our social programs that they are even in existence. I have seen single working mothers get caught in the trap just trying to feed their baby. I'm not saying that the services aren't used by drunks & druggies also but they are designed to entrap those that need help the most into a vicious descending spiral of debt when they can least afford it. I would like to see them all shut down.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Why is it that "interest" for most money lenders means "per annum", but not for Cash Store?

I sent an email to our illustrious Premier earlier this morning, was hoping she might "kill" these guys by the end of the day. Decided not to hold my breath! -:)