Payday Lenders Prey on the Military
The soldiers should know better, but let’s face it — Financial education in this country is a disgrace, and someone entering the service straight out of high school is quite vulnerable to these vultures.
This is among many reasons I am not nearly as tolerant of “anything goes” lending as some people (go to last two paras at link for the discussion; in my view, usury laws have failed only because a few states have inexplicably been able to dictate lending practices for the entire country).
