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Old 03-02-2006, 06:25 PM   #4310
Replaced_Texan
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Join Date: Mar 2003
Location: Romantically enfranchised
Posts: 14,280
Time to Boycott Dominos (again)?

Quote:
Originally posted by Oliver_Wendell_Ramone
There's talk of state or local legislation to stop the payday advance scams. The lower income parts of town are crawling with them.

Thankfully, our strip clubs are well protected by the state constitution.
This article sort of suggested that that type of legislation needs to happen in Texas too. It seems like a pretty vicious cycle and one easy to fall into, especially, I guess ironically, if your credit is pretty fucked up to begin with.

The article sort of followed one woman's credit history in what they called the "fringe economy" and I suspect her story is not atypical. There were quite a few letters to the editor sneering at her cycle of debt, but I imagine affulent people get into the same sort of trouble with more legitimate credit card debt, which is at least regulated.
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