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Old 05-03-2008, 06:26 PM  
pubenemy
Confirmed User
 
Join Date: May 2004
Location: SW FL
Posts: 990
My wife works for a B&M payday loan store, the state of FL has set caps/limits and a state DB of users and their loans. But still as said it is like legalized loan sharking, costs like $55 for a 2 week loan of $500 which done yearly works out to over 500% APR Ouch!
The store gets quite a diverse bunch of customers not like one may think, teachers, officers, nurses and on and on.
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