Pay raise or pay day loan?


The President said recently there was a 10% military pay raise. However, not all soldiers got it. If they did why get another payday loan? This is not a funny joke in the military and for those that pay high interest on the loan no humor in it. Sadly, I knew too many soldiers in the Army that needed the loans just to make ends meet.

“Payday lenders are some of the most notorious financial predators in the U.S., and make their money by advancing people money against their paychecks. Sometimes the interest rate is 900 percent or higher! Even the mafia didn’t charge rates like that!” – Dr. Knowitall

Check out this actually interesting book…but don’t get a 900% interest loan to pay for it.


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