China's 'naked loans' force female students to bare all in return for more cash
. . . guaranteeing more business for loan sharks!
A Last Case for Payday Loans | Coyote Blog
The people who need these loans have few other resources outside of friends or relatives, and they likely aren't particularly helpful. So what happens when your car is impounded, accruing $30 per day in storage fees, and you don't have the $400 to bond it out? With a payday lender, you can probably get a loan, stop the $30 per day hemorrhage and be stuck only with a painful payday loan repayment. Without the Payday loan, it's loan sharks baby! Or abandon the $600 car, the storage fees will be more than the cars value in 20 days. And the total fees will be more than the cars value in 7 days.
Time to get jiggy with naked pics, and loan sharks! Thanks President Obama!
Obama Admin Uses New Tactics to Shut Down Payday Lenders, Are Guns Next?