When it comes to loan houses, I see these companies as abusers of the poor. These businesses are those that advance the check before receiving your payment and then charge interest for the privilege. The owners of those businesses should be ashamed of what they do. They are the only ones who benefit from these horrible and greedy scams by charging people 500%, 800%, up to 1800%.
Other businesses of this type are pawn shops. Even if they tell you that they are there to serve the community in difficult times, they are not created. Remember that we are talking about a business and they exist to make money. They will not pay what the item is worth. I recommend that you visit pawn shops but only to buy. If you have visited a pawn shop to sell something, it was not for lack of money was for lack of administration.
How many of this type of business do you see in the neighborhoods of the rich? As much as you try, you will not find them. Do you know why? Look, there are 2 types of people who live in the slums, there are poor people and people who are bankrupt. Poverty is a state of mind and to be bankrupt is to say, “It went badly, I am doing badly but I am going out.” If one is bankrupt and does what the rich do, spend, save and live under A budget, eventually becomes rich. But if he is rich or broken and does what the poor do, such as walking in this type of business, he becomes poor. A lot of people get involved in these types of scams because of the lack of order in their lives and everything becomes an emergency. Take control of your money and take those bad habits off because believing you can cover holes by opening others is forbidding you to go ahead and earn with your money.