Obviously. That's dumb. But he's a kid. Who's worse, the guy who borrows the money or the guy who loans the money at some ridiculous rate? Payday loans. In this country there are payday loans that have a 600% annual interest rate. And we kind of ignore it because we're like, who would take a payday loan? You know, that's like a ghetto thing. Okay, okay, fine, it's a ghetto thing. (40:21–40:27)
CLAIM
Asserts that payday loans in the U.S. can have annual interest rates as high as 600%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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