Aug 19, 2006

I'm Just Saying

(click on the image to enlarge and prepare to be impressed) I'm not saying she is definitely involved, but it does look suspicious. This is the lovely Mrs. Sneed posing outside Casa Sneed. And before you ask, yes, she is related to the Jack hamburger empire. I am a law and order kind of guy. I would say that 99.95% of the time I am for the cops and against the forces of crime. Every once in awhile I have to go with the perps. That time is now. We are having a crime spree here in our fair city. A couple of guys in clown costumes are robbing payday loan stores. You know those those places where poor people sign away their future for a couple of hundred bucks of their own money now? If you are unfamiliar with this particular class of scum they work like this (the payday loan skunks, not the clowns). Some poor and/or uneducated and/or drug-impaired and/or really not thinking ahead person strolls into this den of thieves and asks for loan against a future paycheck, due in say 10 days. Our soon-to-be victim has spent all of his last paycheck, but evidently hopes that the next one will magically have a couple hundred extra bucks to spare that he can tap into now. The payday loan creeps loan our borrower $200, taking out a fee of say $30, to hold the check until payday. This is an interest rate of 15% for two weeks, or 390% annually. Our guy pledges $200 in two weeks for $170 today. Payday rolls around and our borrower must either redeem the check by giving the lender their $200, allow the check to be cashed or pay an additional fee to extend the loan. Since our guy discovers that he doesn't have the money to repay the advance, he pays an additional $30 for two more weeks and $30 for two more and...At 14 weeks the $200 has cost $210 to borrow and the original $200 is still owed. Bad deal anyway you cut it. So here's to the clowns. I say shoot them with your seltzer bottles, stomp them with your giant clown shoes, hit them with really big hammers, do what it takes to run these weasels out of town. I am still not saying the lovely Mrs. Sneed is involved directly, but she has deep connections in the local clown community. Things in this blog represented to be fact, may or may not actually be true. The writer is frequently wrong and sometimes just full of it. Tag:

1 comment:

Kurt said...

Leaving aside the paycheck advance part of the business, the check cashing thing is as big a ripoff!