I’m not sure if she’s laughing hysterically or crying.
If anyone is curious this is the process
- Be fucked
- Payday loan
- Payday
- 600% are you fucking kidding me?
- What’s the minimum?
- I’ll pay this the rest of my life I guess
- Be fucked by high interest loan
- Beg for money from family, friends, co-workers
- Thank God now I’m back to zero
- Still exactly as fucked as before
The Old Poor standard method
- Be Fucked
- Beg for money from family, friends, co-workers, new GF, new GF’s roommate, A dog owner you met at a dog park, Mormon missionaries, your landlord, your landlords ugly kid, your cousin, total strangers after you pretend you have the same name as them and act just JAZZED about it, anyone you suspect is sexually attracted to you, your nanna’s bridge group, other poor people, the homeless, people who speak the same language you do and are having a celebration at a public park after you convince them your ‘‘John’s Kid’’ or ‘‘Tia Marta’s thursday church preacher’’ literally anyone.
- Somehow still exactly as fucked as before but now you feel HELLA GUILT, because Tia Marta made you go to church on thursday and the preacher is very convincing. But at least you can’t be LEGALLY obligated to pay a loan shark money, and you saved a lot of time.
For anybody wondering what the cost is to using their service, this quote from their website about sums it up:
Credit Genie charges a recurring fee of $4.99 per month or $3.49 biweekly to maintain a user’s bank account connection. Paying the bank connection fee does not guarantee approval for a Cash Advance.
So essentially, if you’re borrowing from them, you’ll pay $60/yr in fees if you can afford $5 a month, or, more likely if you’re in the kind of financial situation where you’re having to take out $100 micro-loans because your bank balance is consistently hitting zero, you’ll get stuck with the $3.49 biweekly option that I’m sure they totally don’t heavily push you towards. That’s $90/yr.
You get charged the fee whether or not you borrow from them at all, and what do you want to bet they do nothing to notify inactive users of their recurring charges?
drained my bank account, maxed my credit cards, but credit genie was there to help me take on more short term debt.
Now you too can easily make a ten dollar coffee cost twenty!
Wow a 100% interest rate? What a bargain!
For short term loans? You’d be so lucky to have it just double.
It’s probably only 25% if paid back within 24hours
I thought I was being advertised to on Lemmy despite my various ad blockers and was furious for about 10 seconds lmao
Technically, you were.
If this post had been an advertisement, do you think you’d be allowed to comment on it?
This post is both a post and an ad, as the ad is what was posted…
Glad I’m not the only one getting mad when I see/hear an add now 😭
This is monstrous…
Why? She needed a latte, and because she suffers from poor choices, she can now get a $8 latte that will cost $219 to pay back!
This will be the new normal if we don’t stop Capitalism now.
A world where you own nothing, and are expected to survive based solely on a debt that you are expected to pay back but it’s an open secret that you never will.
My first taste of pure evil capitalism was when my fast food job in college was forcing everyone to switch to getting a “cash card” rather than a check. That card had a $0.25 fee every time you used it.
I don’t know if it still exists or if sane politicians told companies that shit was illegal.
They’re trying to go back to the 1800s. The giant, old, textile factory near where I live had dorms where the workers would live on premises and were paid in script for the stores owned by the factory. Like coal villages. They converted them into luxury loft apartments now.
🎶You load sixteen tons, what do you get? Another day older and deeper in debt. Saint Peter don’t you call me, 'cause I can’t go. I owe my soul to the company store.🎶
Still exists. We took out the middle man between the payday loan people and the minimum wage employees. Private sector efficiency in action!
I believe it is semi-legal where a card CAN be offered, but only as an alternative to direct deposit.
Is this the latest hit single by Feudalism? I hate it.
Sponsored Lemmy Comment: Hungry for a can of beans? Sign up now and get $100 of debt in minutes!
i think you mean $100 of beans
Sorry no beans, just debt. And an agreement to terms and conditions that you must not poop for 72 hours.
or what
Or else you will face the wrath of Beef Stroganoff and your clothes will be replaced with denim.
oh no, that’s the worst texture!
or the arbitration begins
i’d need more beans
awesome, that will go nicely with my 6-month financing for last week’s Papa Joe’s pizza
By next week you should be able to roll that over and get a second mortgage secured against the first pizza for a new pizza.
luckily I don’t have to eat every day!
This is why I financed the whole pizza and take out pizza equity loans as I pay it off. It affords a few slices every now and then.
Pizza mortgage lmao
Considering i don’t plan on retiring, this is fine – i will leave as much debt as possible in my wake when i move onto the great gig in the sky 😇
I don’t have, and won’t have children.
When I get into my older years, I’m just gonna grab a couple thoussnd loans, and be done with life. Fuck it. I’m gonna spend my elderly years lonely, high off my ass, and giving the middle finger to society.
I figure I’ll go to base ball games, and start drinking lemonaide with tea in it. And also take some drugs.
Look man. Don’t even get me started about the damn 2020 rules that have stuck around.
I don’t understand why they felt the NEED to play baseball during a global health pandemic, but if we’re starting out already establishing the fact that they had to play baseball in that…THEN I say the 2020 rule changes made sense. For 2020.
But now??? Fuck the pitching clock. Fuck the extra innings man on second! I do NOT want my game sped up. I do not want a faster game. I want to sit in the sun, and enjoy a slow breezy summer day, in my happy place watching baseball. Look, I’ll be 85. And now you’re telling me my damn baseball ticket which cost me $30,000 because of inflation by 2067, now means I only get 2 hours of baseball??? Hell, thats hardly even enough time to find my seat! You know I don’t walk so fast. I don’t mean because I’ll be 85. I’m 41 now, and I didn’t walk so fast 20 years ago.
But now you tell me, after 85 years on this planet. Living through 9/11, a global pandemic, 6 terms of a trump presidency, global warming making winter in the north 115F degrees, and after all that bullshit, you wanna make my baseball shorter??? Oooooooh, and you wonder why us old timers are cranky! Boy let me tell you when I was a young spruce, I’d have pounded 15 shots of whiskey, drank about 24 beers, and then proceeded to mop the floor with you! Well lucky for you, I’ve only had 10 shots of whiskey, and 15 beers, but I also took some other extra ciricular activities, and now I’m not sure if you’re a person, or if I’m talking to a lamp post again!
I’m gonna be a grumpy old man, who yells at the youth for not understanding things they weren’t alive to experience.
It’s gonna be great!
I like the pitching clock. I don’t expect to be able to afford to go to baseball games in my old age. And drugs will be sketchier because of all the other prescription medications I’ll likely be on.
should have gone to Mahjong’s Pizza, you would have got a lower APR
Looking for angel investors for my new business idea: if we offer the lowest pizza down-payments in town, we can edge everyone else out of the market by 2034 and be the market leader!
phew crisis averted
Payday loans making a comeback, eh?
And because they don’t appear on your credit check you can take a dozen out from different companies! What could possibly go wrong?
They’ve been here to stay. They just yassified them and are now aiming them at a different demographic. They’re trying—against all logic—to gentrify poverty traps. Welcome to the future.
Gotta keep the wage slaves in debt so there’s no upward mobility.
Is that woman crying?
Yeah. Probably, she read the terms and conditions.
Rookie mistake. If you wouldn’t read a company’s legal teams’ diaries, you shouldn’t read their T&C (same thing)
She’s laughing to keep from crying.
No.
I’m immediately wary of anything involving credit that I didn’t seriously consider or plan for. I can’t imagine going into debt because I’d rather drink coffee at Starbucks than at home.
Do you mean wary or does it make you tired?
Woops, yes.
I’m the same way and I just had to sign up for a credit card specifically for vet bills because my dog needs emergency surgery. The vet told me the specific card isn’t super predatory or whatever, but I didn’t really have any time to think things over. I just want my dog better, and I know that I can’t afford it on my own rn.
Care Credit? If you have good credit when you sign up for it, its legit.
Our Shiba Inu racked up a $20K surgery last spring, and $10K of it had to go on a Care Credit card. They gave us like 8 months 0% interest.
You can use it for any medical bills, but thats now specifically our “Oh fuck a dog emergency!” Card.
Yeah. I didn’t have to use it, thankfully. The surgery was only $1300. Turns out she deflated and swallowed her fave squeaky toy.
Sadly, with the lack of financial education, many people do not correctly assess their salary/expenses vs their real/perceived expense class
Basically a lot of people are shitting way higher than their ass will allow them
These are the kind of people targeted by these ads
And it’s all good in my books. If you are so DESPERATE for approval that you need to take in loans to keep up appearances, then good for you but don’t complain about the consequences.
No one forced you except your own inferiority complexes
You don’t need to feel sorry for them, but why are you pleased about the fact that people are sabotaging their futures?
Because they get to feel better than somebody.
