Payday loans = good

Simple math really, I learned the = sign pretty early in life. What, not getting it? Then let me explain.

Payday loans are not a rip off. Payday lenders are not loan sharks. Those who say they are happen to be idiotic morons.

"But the APR is 391%!!! They MUST be ripping people off!!"

That's pretty simple. If I said I would pay you $20 a year for two years or $1,000,000 a year for 20 seconds, which would you choose? The rate only means as much as the term. APR may be high, but you're talking about days or weeks. You really only end up paying 20-30% of the principal in interest.

"But they perpetuate the cycle of debt and prey on the poor and minorities!"

No one complains the Ferrari preys on the rich. No one complains the BET preys on African Americans. This is simply grasping at straws. The only people who need payday loans are those without a lot of cash on hand. of course more poor and minorities will use them- they don't have a lot of cash on hand!

Payday loans are not bad, they are good, and tell your friends. You can also get payday loans online as well.