Usury in America.

Share the joy
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

I’ve been getting many ‘spam’ relies to comments linking back to online p@yday loan programs.

The business paradigm of the p@yday loan is no less than usury. Yes, you may be desperate enough to need such a loan, but the problem is that if you’re that desperate, you’re desperate enough to not repay the loan on time and dig yourself deeper and deeper in debt that can cost you many times the amount you were loaned

http://www.consumersunion.org/finance/p@ydayfact.htm

How does this relate to magic or e-commerce? Well, on one hand, this is a thriving way some people are making money online. They did some things right, they found a hungry crowd, people desperate for money to pay a bill or a mortgage – and are selling a solution. That’s an important thing, that technique works! But where the p@yday loan fails – is they offer a poor value. The paradigm makes money because the desperation in the equation balances the poor value. But the poor value has problems, like my post here, the link I’m pointing to and popular outcry.

Some of you interested in e-commerce and have the idea that it takes money to make money. And, to be honest, money does speed things up. So if you have access to credit cards and the like, it’s a measured risk to take on debt to grow an online business. If the P@yday loan tempts you, understand it’s not a solution for you. They will want their money back too soon, their ‘fees’ constitute unreasonable interest.

The p@yday loan business is an unwelcome advertiser, which is why many marketers of such businesses are hoping to use my blog to get back links to their corrupt business websites. I’m not allowing it.


Share the joy
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *

Welcome to KitschChaos.com

This is a site about Chaos magic applied to business and marketing.
If you mean to use magic to improve sales, to grow a business - this is the site where you can learn the most powerful magic available - without diluting it to make it safe or 'acceptable' - and apply it to your business TODAY!

this is the rss feed, add it to your rss reader.:
http://kitschchaos.com/blog/?feed=rss2

Subscribe to KitschChaos Newsletter/blog posts

Categories

July 2017
S M T W T F S
« Dec    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
29
Translate »