joes bar and grill
TB Legend
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I have one CC, AMEX have to pay it off every month.
XPO | Xpo Offers Payday Loans
- Thread starter XCCX
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WiggleWagondrvr
It Is All About ME.
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Here we go again. How many drivers are being forced to take out a loan? Is their job contingent upon securing one of these loans? Will there be repercussions from the company if they do not take out a loan? Can a driver go to another lending institution and take out a loan without the company issuing them a LOI? The way I see it this is a totally voluntary transaction. If a driver is in such a bad shape he can't get a loan anywhere else and he has to have money this could be a viable option for them. If you're not going to take advantage of it what the hell does it matter to you? Too many drivers getting their knickers in a twist over situations that do not and will not apply to them.
The magician
TB Regular
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Here here
BradJacobsJr
TB Lurker
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How do you expect my daddy to buy my new yacht? Take a lesson from the rich, steal from the poor.
Dick Dastardly
Drat, Double Drat, and Triple Drat!
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Predatory lending at work. A new low.
They need reason to charge a higher interest rate . Kashable is not in to give away money. Poor credit score equals higher interest rate secured by the fact it’s taken directly from your paycheck. Less likely to default.
trucknfool
TB Regular
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XPO payday loans -- cause it's your money and you want it Now!! ( Brought to you by JG Wentworth). Lol
I honestly don’t think Xpo is getting much out of it other than it could tie an individual to a job they could be less than thrilled with too a small degree.
WiggleWagondrvr
It Is All About ME.
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If you do indeed have a great credit score you will not need to arrange a loan through XPO. You can get much better terms somewhere else. Other drivers might not have made great financial decisions and find themselves in temporary dire straights needing money. Are you the one to condemn XPO for providing a service that may allow a driver to keep his car, pay for a childs medicine, make a mortgage payment...? To be fair I have to say I would not take this loan but i have been debt free for the past two decades. However I will not denigrate either the provider or the recipient of these loans. I do not know their life stories. This is a benefit that may entrap some, help others but is voluntary for both. With your credit score your mind is made up. XPO sucks. Make sure you tell that to the driver that just bought groceries to feed his family, by way of a payday loan, for the next month. I am sure that driver will pay great credence to your words.
The reason why is because usury is both immoral and unethical. Anyone who attempts or enables it is complicit.
snaildriver
Retired
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I discovered Dave Ramsey about 20 years ago. His plan works. I retired debt free, and I'm livin' the dream.
highspeeds
ENTERTAINMENT USE ONLY
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The whole, only available where not prohibited. This is something that is wrong. And illegal. And is simply taking advantage. And makes the company money. Rewarding them for paying substandard wages to the employees. That then take out loans they can't afford to pay. Remember your history. I owe my soul to the company store.
Ted Decker trk
When things are FUBAR, FIDO!
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I'm in the process of following his program and I haven't given Ramsey a dime. I have donated more to other organizations than I would have as now I have some extra cash sometimes. Pay it forward as it were
joes bar and grill
TB Legend
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I've said it for years, Dave Ramsey is snake oil salesman.
Well , try Clark Howard. https://clark.com/
LTLIndentured
TB Veteran
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If the company can afford to loan you money then the company can afford to pay you more money and then you wouldn’t need the loan.
I agree, some of his stuff is common sense but most of it is bull trying to sell books.
A lot of gullible people out their looking for answers . All you really need is basic skills taught in home economics and some discipline. Taking low interest rate car loans and mortgage is the smarter thing to do at times.
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It not the company lending money its an outside company ( Kashable) The company may be getting a small kickback but you’ll never know. The main benefit to the company is tying workers to their job while in debt.