Earlier quoted context omitted.
I think being really broke greatly hinders your ability to think rationally. I never committed any violent crimes, but I know throughout most of 2016 I was really really broke (about $15,000 credit card debt, 3 months of unpaid rent, a lawsuit from my landlord for the back rent). In the process I debated reaching out to one of those payday loan places, despite the fact that I knew they were scams. My desperate brain…
> I debated reaching out to one of those payday loan places, despite the fact that I knew they were scams. They aren't scams, but they are only useful for a very narrow band of people in a very narrow band of circumstances. For the vast majority of people that want one of those loans, they are better off not getting it. It's entirely possible to get the loan and use it as intended, it's just the most the people that…
If I recall, the military had a heavy hand in that. When the payday loan industry has cut into military readiness to the point the generals are talking to Congress about it, it's gone a bit too far.
edit (add ref): https://www.govinfo.gov/content/pkg/CHRG-109shrg50303/html/C...