The PREDATORY World of Payday Loans

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🎥 More about this video:
Maybe you've heard of payday loans in passing, on TV, or maybe even on social media. You might've seen a payday loan store in your town and wondered 'what is this?'. In this video, we're diving into what payday loans are, the predatory trap they get people stuck in, and how these payday loan companies lure people in with good marketing. Toward the end of the video, we also cover better alternatives to payday loans if you're in a pinch for cash. If you've ever been curious about payday loans, burned by one, or considered taking one, this video is for you!


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🔍 Resources mentioned:
News story on Payday Loans: https://www.nbcsandiego.com/news/inve...
“Young People Are Payday Lenders’ Newest Prey”: https://www.americanprogress.org/arti...)
Payday loan costs to Americans: https://www.responsiblelending.org/si...
Economic hardship leads to societal net negatives: https://www.ncbi.nlm.nih.gov/pmc/arti...



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Time Stamps:

0:00 predatory world of payday loans
02:20 bombas!
04:21 anatomy of a payday loan
06:25 crazy interest rates
09:38 a wider societal problem
10:55 payday loan targets
12:14 tiktok example
13:36 luring in via money flexing
14:49 alternatives to payday loans



Keywords for some sweet, sweet metadata:
Personal finance, money management, deinfluence, deinfluencing, budgeting, budget, credit card, debt, personal loans, payday loans, culture, hauls, video essay, video analysis, social media, tiktok, instagram, Pinterest, materialism, overconsumption, consumerism, climate change, shopping, spending money, viral, influencers, cara nicole