[dumbfoundded]

I think your last point makes your true beliefs clear. You believe it's better for the poor to have a forced savings account (or as I call it a loan to the employer) so that they can't "make bad financial decisions". It's extremely paternalistic to believe the poor shouldn't have immediate access to all of the money they've earned or at least a choice of when to do so.

Of course there should be legal limits as to what interest rate can be charged. I don't believe anything more than 10% on an annualized basis can be justified.

In any case, the vast majority of your points in this discussion are irrelevant and the most potent point you make seems to depend on either interest rates not be fair or the poor being too irresponsible to get their deserved cash.

[IceDane]

No, I think the poor should have as many choices as everyone else.

My "true beliefs" are that this company isn't some kind of altruistic attempt at "helping the poor" - this is just a way for this company to capitalize on the poor in the same way any other predatory payday loan company might, except they can do it without running the risk of not getting paid.