Joe Manna - Latest Comments in Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Joe — Sun, 18 Oct 2009 14:19:48 -0000

I love it, a spam comment comes here to talk about Payday Loans. Take a deep breath, prepare to get owned...

Payday Loans are intended to exploit people who don&#39t have prudent money management skills. They make it too easy to obtain a loan with exorbitant rates, thus predatory lending.

If someone is in a bind, requiring them to submit to 600%+ APR loan, with the likelihood of rolling them over, they should consult a reputable financial institution to open up a personal line of credit, preferably one who they bank with.

Just imagine if the predatory practices of the Payday Loan industry extended into home loans -- the economy would be completely upside down in weeks.

While there is "no credit check," there is neither any benefit to these types of loans. Rest assured, that if you default on them, they will happily turn you over to collections or recover assets.

The point of my reference alleging that Payday Loans target African Americans, was because they do. How many PDL locations have you seen in Baltimore, D.C., SW Tucson, W Phoenix; versus, Northern VA, Hamptons, NW Tucson, SE Phoenix?

Having that said, it&#39s buyer beware. I&#39ve known people who have used a Payday Loan, but it&#39s playing with fire, since it&#39s too quick, minimal regulation, and very predatory in nature.

The FTC has warned people to stay away from Payday Loans. It&#39s no surprise that Payday Loans are prohibited in Georgia and restricted in 12 other states. The collection practices entrap the customer into Check Fraud if they default (post-dating checks, etc.)

I conclude that rather lengthy response with this:

The Payday Loan industry is not one that can govern themselves. If they can draft it into a contract, get someone to sign it, they&#39ll do it. The industry has no morals or higher regard for the financial lives they touch; thus, requiring government regulation and outright banning in some jurisdictions. The Internet Ad business is no different -- they would *love* to target minors, they would love to target people with health conditions, they would love to show you ads for Viagra when you are looking for sexual health tips.

Thank you. I invite you to an open debate on the Payday Loan Industry, if indeed you aren&#39t a bot. I did a little Googling around, Tracy, you&#39ve made a considerable amount of campaign contributions for Republicans... not a surprise but that&#39s another topic.

~Joe

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Junkyard Willie — Sat, 12 Apr 2008 10:17:37 -0000

If only there were some sort of addition... or "extension," as it were; for my browser. Something that would block ads. An "ad-block" type of thing, I guess is what I'm getting at.

Seriously though, the payday loan industry is badly in need of some heavy regulation. I'm not the big government type, but in no circumstances is a 600% apr acceptable. The entire fringe economy (payday loans, check cashing, BHPH car dealers, rent-to-own, etc) is totally out of control. If I were you I wouldn't invite "Tracy" to any sort of debate, maybe an invitation to a doctor-assisted suicide, but definitely no debating with a shill for such a reprehensible industry. Probably a bot anyway.

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Junkyard Willie — Sat, 12 Apr 2008 06:17:37 -0000

If only there were some sort of addition... or "extension," as it were; for my browser. Something that would block ads. An "ad-block" type of thing, I guess is what I'm getting at.

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Joe — Fri, 11 Apr 2008 22:20:36 -0000

I love it, a spam comment comes here to talk about Payday Loans. Take a deep breath, prepare to get owned...

Payday Loans are intended to exploit people who don't have prudent money management skills. They make it too easy to obtain a loan with exorbitant rates, thus predatory lending.

If someone is in a bind, requiring them to submit to 600%+ APR loan, with the likelihood of rolling them over, they should consult a reputable financial institution to open up a personal line of credit, preferably one who they bank with.

Just imagine if the predatory practices of the Payday Loan industry extended into home loans -- the economy would be completely upside down in weeks.

While there is "no credit check," there is neither any benefit to these types of loans. Rest assured, that if you default on them, they will happily turn you over to collections or recover assets.

The point of my reference alleging that Payday Loans target African Americans, was because they do. How many PDL locations have you seen in Baltimore, D.C., SW Tucson, W Phoenix; versus, Northern VA, Hamptons, NW Tucson, SE Phoenix?

Having that said, it's buyer beware. I've known people who have used a Payday Loan, but it's playing with fire, since it's too quick, minimal regulation, and very predatory in nature.

The FTC has warned people to stay away from Payday Loans. It's no surprise that Payday Loans are prohibited in Georgia and restricted in 12 other states. The collection practices entrap the customer into Check Fraud if they default (post-dating checks, etc.)

I conclude that rather lengthy response with this:

The Payday Loan industry is not one that can govern themselves. If they can draft it into a contract, get someone to sign it, they'll do it. The industry has no morals or higher regard for the financial lives they touch; thus, requiring government regulation and outright banning in some jurisdictions. The Internet Ad business is no different -- they would *love* to target minors, they would love to target people with health conditions, they would love to show you ads for Viagra when you are looking for sexual health tips.

Thank you. I invite you to an open debate on the Payday Loan Industry, if indeed you aren't a bot. I did a little Googling around, Tracy, you've made a considerable amount of campaign contributions for Republicans... not a surprise but that's another topic.

~Joe

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

pay day loans (Tracy Rawle) — Fri, 11 Apr 2008 19:07:34 -0000

Pay day loans can really come in handy when you need some last-minute cash. These financial institutions make getting a loan quick and easy. There is usually no credit check and the application process is short. It can be a big help when you are in a bind.

Removed URLs and Links.
This comment was on behalf of Tracy Rawle; "Check City" located in Provo, UT.

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Joe — Fri, 11 Apr 2008 18:20:36 -0000

I love it, a spam comment comes here to talk about Payday Loans. Take a deep breath, prepare to get owned...

Payday Loans are intended to exploit people who don't have prudent money management skills. They make it too easy to obtain a loan with exorbitant rates, thus predatory lending.

Just imagine if the predatory practices of the Payday Loan industry extended into home loans -- the economy would be completely upside down in weeks.

While there is "no credit check," there is neither any benefit to these types of loans. Rest assured, that if you default on them, they will happily turn you over to collections or recover assets.

Having that said, it's buyer beware. I've known people who have used a Payday Loan, but it's playing with fire, since it's too quick, minimal regulation, and very predatory in nature.

I conclude that rather lengthy response with this:

~Joe

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Joe — Fri, 11 Apr 2008 17:19:33 -0000

Kevin,

I agree. It would be nice if advertising companies and [bad] SEOs would hold themselves to higher standards. All of us pay for their "aggressive" tactics.

We all pay for by means of click fraud, splogs and higher amounts of noise in the social media spectrum.

~Joe

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

pay day loans (Tracy Rawle) — Fri, 11 Apr 2008 15:07:34 -0000

Removed URLs and Links.
This comment was on behalf of Tracy Rawle; "Check City" located in Provo, UT.

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Joe — Fri, 11 Apr 2008 13:19:33 -0000

Kevin,

I agree. It would be nice if advertising companies and [bad] SEOs would hold themselves to higher standards. All of us pay for their "aggressive" tactics.

We all pay for by means of click fraud, splogs and higher amounts of noise in the social media spectrum.

~Joe

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Kevin Heisler — Fri, 11 Apr 2008 08:38:49 -0000

What's even more dangerous to the health of the Internet Ad Industry: search engine optimization (SEO) scams that persist because there are no SEO standards. This SEO agency near Redmond, WA was sued by the state and settled - after 4 years:

http://blog.searchenginewat...

Re: Consumer Advocacy: Ad Industry Bans Sensitive Demographics

Kevin Heisler — Fri, 11 Apr 2008 04:38:49 -0000

http://blog.searchenginewat...