Australian Politics Forum - A Typical Payday Loan Has A Intrest Rate Of 400 PC

gizmo_2655

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #30 - Oct 31^st, 2011 at 12:23pm

Equitist wrote on Oct 31^st, 2011 at 12:13pm:

gizmo_2655 wrote on Oct 31^st, 2011 at 12:03pm:

Budgeting is the thing...

Ye and me know that this is good in theory but bloody difficult in practice - especially when funds are limited and basic living costs are so high...

More so when there's kids involved!

Of course...(fortunately I don't have kids, only a cat...but it's still MY choice).....

Simply put, if you can't afford it...DON'T do it....

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Annie Anthrax

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #31 - Oct 31^st, 2011 at 12:27pm

gizmo_2655 wrote on Oct 31^st, 2011 at 12:21pm:

Annie Anthrax wrote on Oct 31^st, 2011 at 12:17pm:

Think about what you're doing. Do you see how ironic it is that you consistently defend a system that is completely ripping you off? The overdraw fees and the high interest short term loans are the straws that break the backs of families.

People that earn massive amounts of money making decisions to actively target the vulnerable. How can you defend that? And even accept blame?

Simple.... I 'do' occasionally go over my budget.....as do most people....Buying more than I can actually afford is no-ones fault but mine....

As with any other 'error', how can it be anyone else's fault???
If I choose to buy a case of beer or a extra pack of smokes....why should I blame the bank??? No one 'forced' me to do so....Personal responsibility is a valid idea....

I give up

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gizmo_2655

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #32 - Oct 31^st, 2011 at 12:33pm

Annie Anthrax wrote on Oct 31^st, 2011 at 12:27pm:

gizmo_2655 wrote on Oct 31^st, 2011 at 12:21pm:

Annie Anthrax wrote on Oct 31^st, 2011 at 12:17pm:

Think about what you're doing. Do you see how ironic it is that you consistently defend a system that is completely ripping you off? The overdraw fees and the high interest short term loans are the straws that break the backs of families.

People that earn massive amounts of money making decisions to actively target the vulnerable. How can you defend that? And even accept blame?

Simple.... I 'do' occasionally go over my budget.....as do most people....Buying more than I can actually afford is no-ones fault but mine....

As with any other 'error', how can it be anyone else's fault???
If I choose to buy a case of beer or a extra pack of smokes....why should I blame the bank??? No one 'forced' me to do so....Personal responsibility is a valid idea....

I give up

Nah, don't give up.....it's about you're own choices...

It's like any thing else...drink driving is a good example...If I go to a pub or club and drink too much, is it the fault of the police officer who catches me driving home drunk, or is it my fault my fault for 'trying' to drive home drunk???

If I 'do the crime' shouldn't I' do the time???

As my father used to say..." You're free, white and over 21"

Translation, 'If you are dumb enough to get into that situation, it's YOUR fault'......

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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Annie Anthrax Gold Member Offline Posts: 7062 Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #33 - Oct 31^st, 2011 at 12:41pm Quote: It's like any thing else...drink driving is a good example... No it's not. I would think that people who overdraw do so for necessities like food, medicine and bills. They are then slogged with a punishment - a punishment for not having enough money. It's not right.
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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #34 - Oct 31^st, 2011 at 12:41pm In all truth, I don't see why I should 'blame' you (for example) for MY stupidity....
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gizmo_2655

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #35 - Oct 31^st, 2011 at 12:42pm

Annie Anthrax wrote on Oct 31^st, 2011 at 12:41pm:

Quote:

It's like any thing else...drink driving is a good example...

No it's not.

I would think that people who overdraw do so for necessities like food, medicine and bills. They are then slogged with a punishment - a punishment for not having enough money. It's not right.

Granted...the newstart payment isn't quite enough to live on...but if that's all you have, then change your living standards....

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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Annie Anthrax Gold Member Offline Posts: 7062 Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #36 - Oct 31^st, 2011 at 12:44pm gizmo_2655 wrote on Oct 31^st, 2011 at 12:41pm: In all truth, I don't see why I should 'blame' you (for example) for MY stupidity.... An inability to meet needs doesn't automatically translate to stupidity. It is kinder to not allow overdrawing at all than to kick people when they're down.
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Annie Anthrax

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #37 - Oct 31^st, 2011 at 12:46pm

gizmo_2655 wrote on Oct 31^st, 2011 at 12:42pm:

Annie Anthrax wrote on Oct 31^st, 2011 at 12:41pm:

Quote:

It's like any thing else...drink driving is a good example...

No it's not.

I would think that people who overdraw do so for necessities like food, medicine and bills. They are then slogged with a punishment - a punishment for not having enough money. It's not right.

Granted...the newstart payment isn't quite enough to live on...but if that's all you have, then change your living standards....

You'll probably still struggle. And when you do the vultures will be there waiting and you'll still be blaming yourself.

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Equitist

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #38 - Oct 31^st, 2011 at 12:51pm

When the system puts up barriers to prosperity and participation, personal responsibility is not sufficient to overcome disadvantage - and it is no surprise that some will fall to the bottom and remain there...

When we see clusters of counter-productive trends repeated in different places, it is no longer good enough to blame individuals for failing to take personal responsibility - it's time to look for underlying systemic causes...

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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gizmo_2655

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #39 - Oct 31^st, 2011 at 12:59pm

Annie Anthrax wrote on Oct 31^st, 2011 at 12:46pm:

gizmo_2655 wrote on Oct 31^st, 2011 at 12:42pm:

Annie Anthrax wrote on Oct 31^st, 2011 at 12:41pm:

Quote:

It's like any thing else...drink driving is a good example...

No it's not.

I would think that people who overdraw do so for necessities like food, medicine and bills. They are then slogged with a punishment - a punishment for not having enough money. It's not right.

Granted...the newstart payment isn't quite enough to live on...but if that's all you have, then change your living standards....

You'll probably still struggle. And when you do the vultures will be there waiting and you'll still be blaming yourself.

Oh they are circling....But I'm dealing with it...

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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Annie Anthrax Gold Member Offline Posts: 7062 Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #40 - Oct 31^st, 2011 at 1:01pm Good luck. Sincerely.
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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #41 - Oct 31^st, 2011 at 1:26pm Annie Anthrax wrote on Oct 31^st, 2011 at 1:01pm: Good luck. Sincerely. Thank you annie...
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gizmo_2655

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #42 - Oct 31^st, 2011 at 1:28pm

Equitist wrote on Oct 31^st, 2011 at 12:51pm:

When the system puts up barriers to prosperity and participation, personal responsibility is not sufficient to overcome disadvantage - and it is no surprise that some will fall to the bottom and remain there...

When we see clusters of counter-productive trends repeated in different places, it is no longer good enough to blame individuals for failing to take personal responsibility - it's time to look for underlying systemic causes...

Fair enough...but, still, I 'can', if I choose, live within a budget, on the amount I'm receiving...It's not fun, but it's possible...

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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Equitist

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Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC
Reply #43 - Oct 31^st, 2011 at 1:34pm

gizmo_2655 wrote on Oct 31^st, 2011 at 1:28pm:

Equitist wrote on Oct 31^st, 2011 at 12:51pm:

When the system puts up barriers to prosperity and participation, personal responsibility is not sufficient to overcome disadvantage - and it is no surprise that some will fall to the bottom and remain there...

When we see clusters of counter-productive trends repeated in different places, it is no longer good enough to blame individuals for failing to take personal responsibility - it's time to look for underlying systemic causes...

Fair enough...but, still, I 'can', if I choose, live within a budget, on the amount I'm receiving...It's not fun, but it's possible...

I'm with Annie: your stoicism is truly admirable!

Wink

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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Annie Anthrax Gold Member Offline Posts: 7062 Gender:	Re: A Typical Payday Loan Has A Intrest Rate Of 400 PC Reply #44 - Oct 31^st, 2011 at 1:34pm Do you have children?
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