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10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report finds
Post Reply RetroFed Forum Forum Index » United States | News & Politics
AuthorMessage
cm0002 infosec.pub cm0002@infosec.pub
Joined: 2025-10-21
Quote

Link: https://fortune.com/2026/10/18/payday-advance-loan-apps-hundreds-in-fees-loan-stacking-buy-now-pay-later/
44   Original
watson sopuli.xyz watson387@sopuli.xyz
Joined: 2023-06-06
#2 · Quote Reply

Fuck that shit. It's never worth it, even if it feels like it is at the time.
17
mindbleach sh.itjust.works mindbleach@sh.itjust.works
Joined: 2023-08-27
#3 · (edited) Quote Reply

Read: ten million Americans are caught in a cycle of predatory loan-sharking for petty cash because they're fucking broke, and we refuse to fix any of that.
19
hal_baleigh piefed.social hal_baleigh@piefed.social
Joined: 2026-10-02
#4 · Quote Reply

I only used payday loans 20 years ago when I was young and dumb(er). And I mostly used it so I can buy weed quicker before payday. Shit is a scam.
5
BooBees fedinsfw.app BooBees@fedinsfw.app
Joined: 2026-05-26
#5 · (edited) Quote Reply
mindbleach wrote:
Read: ten million Americans are caught in a cycle of predatory loan-sharking for petty cash because they're fucking broke, and we refuse to fix any of that.

Its likely a large percentage of this is people addicted to online gambling, sports betting, future predictions markets and they’re dipping into predatory loans to scratch that itch more and more. A recent study found over half of young men have those apps installed on their phones.
3
mindbleach sh.itjust.works mindbleach@sh.itjust.works
Joined: 2023-08-27
#6 · Quote Reply
BooBees wrote:
Its likely a large percentage of this is people addicted to online gambling, sports betting, future predictions markets and they’re dipping into predatory loans to scratch that itch more and more. A recent study found over half of young men have those apps installed on their phones.

"We've had one social evil, yes, but what about second social evil?"
7
logana lemmychan.org logana@lemmychan.org
Joined: 2026-10-08
#7 · Quote Reply
mindbleach wrote:
Read: ten million Americans are caught in a cycle of predatory loan-sharking for petty cash because they're fucking broke, and we refuse to fix any of that.

we refuse to fix any of that

That would interfere with the profits of the people fucking us over.
1
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