Norman Jacko
“If I had a choice, I wouldn’t [use payday loans]… The job right now is just not cutting the mustard. You gotta do what you gotta do… I’m just barely getting along paycheck to paycheck…”
Mechanic Norman Jacko describes his reasons for using payday loans and shares his thoughts on whether payday lenders target miniorities…
According to an article by Jenalia Moreno, Jacko now makes $30,000 a year (half of what he used to make in his previous job). When he made the above statement, he was taking out a $400 payday loan for which he expects to pay about $100 in interest (it was his second payday loan in two weeks).
Jacko, who is African-American, said minorities often use payday lenders but he does not believe that payday lenders “prey on” minorities:
“We make less money than most people, so,therefore, you’re going to see more of us here.”
Norman Jacko is a 50-year-old mechanic who makes about $30,000 per year.
Source: Payday Loans’ Costs Can Get Steep by Jenalia Moreno (Houston Chronicle)
Everyone who has read Lenders Who Borrow knows that the testimonials on many payday loan sites were stolen from competing websites.
The testimonials in our quotes category, on the other hand, are all from credible news sources.
Recent Posts:
- 01/25/2012: Traffic Comparison Page Update
- 01/23/2012: BBB Accreditation Added
- 01/07/2012: Added Google Plus Button
- 12/17/2011: Latest Contact Info Requests
- 12/17/2011: Another IP Ban for Ratings Abuse
Random Posts:
- 10/17/2006: Scott Somers
- 11/30/2006: Payday Loan Checklist – Six Things You Must Do After Taking Out an Online Payday Loan
- 07/08/2006: Deborah Lane
- 10/23/2006: Anitra Foote
- 08/14/2006: Advantages and Disadvantages of Various Payday Loan Perks
loading...