GoPikachuGo1 t1_iudza0z wrote on October 30, 2022 at 4:41 PM

Reply to comment by Big-Pond in Trying to educate myself on current candidates by jue_bacca

Bob gave me a loan when nobody else would. He got my family and I through some tough times.

Big-Pond t1_iudzwmi wrote on October 30, 2022 at 4:46 PM

You do you, as is your right.

My take is someone that is ok with charging 30 or more % interest on the poorest amongst us is not someone that gives a single shit about anyone else.

This is why, rather than running on any issues his campaign is focused on crime when crime rates are the lowest they’ve been in decades.

His real motivation is, like most politicians, making himself more wealthy at the expense of the community…which is exactly what he’s been doing all along with payday loans.

nikedude t1_iuevy1u wrote on October 30, 2022 at 8:16 PM

Just an FYI, most credit cards upper APRs are pushing 28-30%, so it's not exactly abnormal.

I am not advocating for payday loans (or any loan anywhere near that APR), but people do use them, and from a businesses perspective, they need to be priced high like that because the loan is absolvable in bankruptcy. So there is a high risk of default.

GoPikachuGo1 t1_iue09o3 wrote on October 30, 2022 at 4:48 PM

Murder and rape are up in CT. These are issues that are important to me and need to be addressed.