Author Topic: Payday loans for children  (Read 3325 times)

shelivesthedream

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Payday loans for children
« on: November 07, 2014, 05:02:58 PM »
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« Last Edit: January 05, 2018, 02:49:24 AM by shelivesthedream »

trailrated

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Re: Payday loans for children
« Reply #1 on: November 07, 2014, 06:11:55 PM »
Whoa that is good

RFAAOATB

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Re: Payday loans for children
« Reply #2 on: November 07, 2014, 07:16:54 PM »
Way back when I was a kid in second grade one kid did not have money for milk.  I gave him 25 cents to get some milk under the terms that 25 cents would be added to the amount owed every day.  He did not pay me back the next day.  The day after that I reminded him his total was .50.  I kept reminding him every day until he paid me $2.50.  Later on my parents asked me where I got all that money and I told them I got it for letting a kid borrow milk money.  When they asked why I got that much instead of 25 cents all I said was "Interest."

My parents didn't like that response and made me give that kid back all the money minus 25 cents.  If only they encouraged my ability to recognize investment opportunities at a young age I could have been a more successful man today.

robotclown

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Re: Payday loans for children
« Reply #3 on: November 08, 2014, 12:42:14 AM »
Someone's going to build a place like this for real before they realize children can't enter contracts.

vivophoenix

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Re: Payday loans for children
« Reply #4 on: November 09, 2014, 09:28:37 AM »
Way back when I was a kid in second grade one kid did not have money for milk.  I gave him 25 cents to get some milk under the terms that 25 cents would be added to the amount owed every day.  He did not pay me back the next day.  The day after that I reminded him his total was .50.  I kept reminding him every day until he paid me $2.50.  Later on my parents asked me where I got all that money and I told them I got it for letting a kid borrow milk money.  When they asked why I got that much instead of 25 cents all I said was "Interest."

My parents didn't like that response and made me give that kid back all the money minus 25 cents.  If only they encouraged my ability to recognize investment opportunities at a young age I could have been a more successful man today.


sounds like they were rightfully shocked by your usury ways. and shut it down quickly so you wouldnt grow up to  be a payday money lender. your apr was illegal for a signature loan

frugalnacho

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Re: Payday loans for children
« Reply #5 on: November 11, 2014, 01:15:42 PM »
Way back when I was a kid in second grade one kid did not have money for milk.  I gave him 25 cents to get some milk under the terms that 25 cents would be added to the amount owed every day.  He did not pay me back the next day.  The day after that I reminded him his total was .50.  I kept reminding him every day until he paid me $2.50.  Later on my parents asked me where I got all that money and I told them I got it for letting a kid borrow milk money.  When they asked why I got that much instead of 25 cents all I said was "Interest."

My parents didn't like that response and made me give that kid back all the money minus 25 cents.  If only they encouraged my ability to recognize investment opportunities at a young age I could have been a more successful man today.

Sounds immoral and illegal to me.