In the southern states, how is gambling illegal but payday loans and title loans are legal? Isn't it still a form of robbery?
- ArcherLv 72 months ago
One chooses to use a service so it isn't robbery. Gambling is chance and can be an addiction.
- xyzzyLv 72 months ago
There are casinos in Alabama, Mississippi, Louisiana, Arkansas, and Florida> And as far as I know all Southern states have a state lottery.What is illegal about payday loans and or title loans? There is no difference between a title loan and any other pawn. To prevent usury some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge.
- linkus86Lv 72 months ago
Some forms of gambling is legal in Kentucky, Louisiana, Mississippi and Florida. Payday loans are completely legal. The consumer misuses them to make them seem like robbery (loan sharking).
- Anonymous2 months ago
How is it robbery when people sign a contract?
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- curtisports2Lv 72 months ago
Borrowing money and paying it back with legally-allowed interest, when you KNOW IN ADVANCE that you have to pay the money back with interest, is robbery how?
I learned something very early. Watch what the stupid people do and then, don't do it. Idiots use payday loans as a crutch when they have no discipline to manage their affairs. Title loans, where you put up a piece of property as collateral - how is THAT robbery? A mortgage to buy a house is a form of title loan. Don't repay the loan and lose the property you put up as collateral.
Again, watch what the stupid people do......