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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Or the bank overdraft charge
Post #266,442
by jbrabeck
8/31/06 12:42:44 PM
Reply
New Or the bank overdraft charge
of $33 for a $2.00 od, which is paid off immediately on the next clock cycle when the payroll check is credited. What't the APR for a "loan" that lasts only 1 second?
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. (Herm Albright)
Post #266,443
by jake123
8/31/06 12:47:01 PM
Reply
New Not how these shops work, at least in Canada
The longer the wait for your paycheque, the more you have to pay, so it is an interest rate, not a od charge sort of deal.
--\n-------------------------------------------------------------------\n* Jack Troughton                            jake at consultron.ca *\n* [link|http://consultron.ca|http://consultron.ca]                   [link|irc://irc.ecomstation.ca|irc://irc.ecomstation.ca] *\n* Kingston Ontario Canada               [link|news://news.consultron.ca|news://news.consultron.ca] *\n-------------------------------------------------------------------
     Soldiers & payday loans - (dmcarls) - (18) - Aug. 30, 2006, 03:29:15 PM EDT
         We had a line of those shops shut down up here in - (jake123) - (7) - Aug. 30, 2006, 03:53:33 PM EDT
             So much for looking after their own. - (warmachine) - (6) - Aug. 30, 2006, 05:16:05 PM EDT
                 Not hate, I wot - - (Ashton) - Aug. 30, 2006, 07:14:28 PM EDT
                 This is not about the military charging those interest rates - (jake123) - (3) - Aug. 30, 2006, 07:59:57 PM EDT
                     My mistake -NT - (warmachine) - Aug. 31, 2006, 08:44:54 AM EDT
                     Or the bank overdraft charge - (jbrabeck) - (1) - Aug. 31, 2006, 12:42:44 PM EDT
                         Not how these shops work, at least in Canada - (jake123) - Aug. 31, 2006, 12:47:01 PM EDT
                 well when I was in the Royal Navy - (boxley) - Aug. 30, 2006, 08:44:40 PM EDT
         Give 'em government credit cards instead - (imric) - (4) - Aug. 30, 2006, 08:52:38 PM EDT
             'Finding Machiavelli' Award - (Ashton) - (3) - Aug. 31, 2006, 03:55:14 PM EDT
                 Re: 'Finding Machiavelli' Award - (dmcarls) - (2) - Aug. 31, 2006, 04:34:22 PM EDT
                     s/a/g -NT - (boxley) - Aug. 31, 2006, 06:54:48 PM EDT
                     Will keep last two \ufffds in mind.. - (Ashton) - Sept. 1, 2006, 06:38:17 PM EDT
         The military does give loans.... - (tonytib) - (4) - Aug. 31, 2006, 01:56:29 PM EDT
             I must have missed something - (drewk) - (2) - Aug. 31, 2006, 02:15:46 PM EDT
                 Yes, and... - (Yendor) - (1) - Aug. 31, 2006, 02:27:29 PM EDT
                     Check - (drewk) - Aug. 31, 2006, 02:32:40 PM EDT
             I spent many years in Army Finance - (jbrabeck) - Aug. 31, 2006, 03:52:51 PM EDT

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