New Payday loans to open in Pahoa

[Seeb]

look for the big sign

[Seeb]

Makai side in the boardwalk section " payday loans" cash for gold"

[dmbwest]

FWIW ... Here is the gold standard for gold buying, http://www.empiregoldbuyers.com/

Right now, the little "we buy gold " place @ the mall is LESS THAN HALF http://www.empiregoldbuyers.com/ on 24K. Don't know what guys we are talking about will offer.

Maybe the mirror should also say " can you wait ? " as well.

aloha,
pog

edit to add ... Seeb, we are tied for posts.

[wecelli]

Does anyone know who owns the property where the
Payday loan/cash for gold business will open?
I would like to hear what property owner has to say.

[KeaauRich]

quote:

---

Originally posted by wecelli

Does anyone know who owns the property where the
Payday loan/cash for gold business will open?
I would like to hear what property owner has to say.

---

I'm guessing the property owner would say "I have bills to pay, I'd rather lease to beneficial non-profit that can pay its bills but none has shown up yet..., the payday loan company runs a legal (however distasteful) business and they can afford to pay their rent, etc."

Look, I find payday loan companies, rent-to-own centers, etc. to be repugnant. But the fact of the matter is that some adults choose (for whatever reason, legit or not) to patronize these companies. Those who feel strongly that these businesses should be banned should address their concerns to their elected officials, and also look for solutions for the underlying problems that create a need for these types of businesses in the first place. But I get nervous when a small group decides that they get to decide what is right for someone else. We seem to be battling our way up that slippery slope on too many issues already.

I would also be interested to know how much payday loan customers pay in interest vs. how much they pay for cigarettes, alcohol, weed, junk food, cell phones, gas for non-essential driving, and other unnecessary necessities. Should we start regulating/banning/increasing enforcement for these too?

[oink]

Good post FWIW or is it: FWIW, good post.

Pua`a
S. FL
Big Islander to be.

[Kelena]

No one is saying that the pay day loan place cannot come. No one is proposing that such facilities be banned. It will come. All I am saying is no one should rejoice: this means the end --let me repeat, the end-- of Pahoa as a charming Hawaiian outpost that does not resemble a very wet version of Compton, California.

One continues to confuse the RIGHT of the pay day loan place to raise its ugly head in Pahoa versus the DESIRABILITY of it.

It has the right.

It is undesirable.

[PaulW]

I've met people in the building trade who pawn their tools at the end of every month and buy them back again at the beginning of the next month, at great unnecessary additional expense. Yet, they always seem to have enough for booze and marijuana. If that's the way they want to live, that's up to them. They may end up being better off with a payday loan place. I hope there won't be any need for a company like that here, but I assume they've researched their market.

[uneedawish]

How do "Payday loans" affect other businesses in small communities? Many will argue that having a cafe or small restaurant next to a payday lender will drive their business away because flashing neon signs stating "Quick cash" doesn't exactly scream relaxed atmosphere.
The value of property owners in your area might decrease-Several small businesses in your area will be affected. It may also be a lot harder to rent a property or sell a home because as a buyer you will look at all elements and will factor in the area as being an undesirable neighborhood or community.
The impact it will have on families in your community - For customers in need of a quick loan for emergencies, it may be a convenient resource HOWEVER all these loans come with extremely high interest rates and fees and these vulnerable families can easily become trapped in the payday loan spiral causing more hardship than just financial hardship. (Beverly Stern) Prudent Financial Services


(uneedawish)
The answer is no Payday loan businesses in our community!

[Kelena]

Whether there is a market for a pay day loan place or not, there is no question, meaning it is completely beyond dispute, that this is a negative harbinger for Pahoa.

That means it is bad, not to be welcomed, not to be desired, to be reviled, and to be repulsed if possible.