Comments on: Bless Me Father For I Have Borrowed http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/ Real Lawyers, Real Solutions Thu, 28 Aug 2008 03:06:55 +0000 http://wordpress.org/?v=2.5.1 By: Help Protect Grandma’s Social Security from Predators : Debt Law Network http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-172 Help Protect Grandma’s Social Security from Predators : Debt Law Network Tue, 22 Apr 2008 20:30:35 +0000 http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-172 [...] — the ones most likely to become entangled with small loan operators and not understand how costly the loan is — are unlikely to be aware of this unless the lender tells them. And you so [...] [...] — the ones most likely to become entangled with small loan operators and not understand how costly the loan is — are unlikely to be aware of this unless the lender tells them. And you so [...]

]]> By: ggoodno http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-30 ggoodno Fri, 22 Feb 2008 16:45:32 +0000 http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-30 Your second grade math teacher would have told you that Steven Schlein was right. If it is a two-week loan, and you have to pay back 15% two weeks later, then it is 15% loan. Extending the interest rate out to a year makes no sense, since the loan is due in 2 weeks. And the concept that payday lenders target evangelicals is ridiculous. I recall reading over the last six months that payday lenders target social security beneficiaries, African-Americans, Hispanics, military personnel, the elderly and I think several others. It sounds to me like they are targeting Americans. Which only makes sense, since most people living in American cities where payday lenders are located are Americans! Your second grade math teacher would have told you that Steven Schlein was right. If it is a two-week loan, and you have to pay back 15% two weeks later, then it is 15% loan. Extending the interest rate out to a year makes no sense, since the loan is due in 2 weeks.

And the concept that payday lenders target evangelicals is ridiculous. I recall reading over the last six months that payday lenders target social security beneficiaries, African-Americans, Hispanics, military personnel, the elderly and I think several others. It sounds to me like they are targeting Americans. Which only makes sense, since most people living in American cities where payday lenders are located are Americans!

]]> By: I Owe, I Owe, It Is Off To Church I Go : Bankruptcy Law Network http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-29 I Owe, I Owe, It Is Off To Church I Go : Bankruptcy Law Network Fri, 22 Feb 2008 02:35:25 +0000 http://www.creditlawnetwork.com/bless-me-father-for-i-have-borrowed/#comment-29 [...] law school professors for a Catholic University Law Review article. I review the story in my blog, Bless Me Father For I Have Borrowed, appearing at the Credit Law Network site. If you liked that post, then try these...Credit Card [...] [...] law school professors for a Catholic University Law Review article. I review the story in my blog, Bless Me Father For I Have Borrowed, appearing at the Credit Law Network site. If you liked that post, then try these…Credit Card [...]

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