On 2021-05-04 7:55 a.m., Gary wrote:
> Boron Elgar wrote:
>> Appliance rentals are never good deals. They are similar to paycheck
>> loan companies in that respect. These are industries that prey on the
>> poor, the unbanked, or those who cannot establish credit.
>
> My daughter once did one of those paycheck loans. I looked it up and she
> paid over 400% APR for that short term loan. I was surprised that *that*
> was even legal, but it is.
>
> I yelled at her for that.
> 1) live within your means
> 2) If you ever need another loan? Ask me, I'm here.
>
>

Some people can't. I had a good friend who owed so much his credit card
that he had a hard time making the minimum payment. One of my nephews
owed a lot and later told me it was over $30,000. His parents helped
him get it consolidated and a bank loan to pay off the credit cards. As
soon as that was done he was out there charging up a storm again.